Legal Question in Credit and Debt Law in Ohio
insurance company judgment
if a judgment has been renderd against someone by an insurance company, can that company liquidate ones assets to collect? or will the judgment be put against
ones credit. i was told that the only association that could liquidate assets is the US government.
in any case, i would appreciate any response concerning this question.
1 Answer from Attorneys
Re: enforcement of judgment
In Florida, any judgment creditor has the right to get a writ of execution and instruct the sheriff to seize and sell assets to satisfy the judgment, or to get a writ of garnishment and attach bank accounts if the judgment debtor does not appear to have sufficient tangible assets to satisfy the judgment. A Florida resident can assert exemptions to the seziure of many sorts of property, including a homestead. It's important for anyone who is served with a writ of garnishment or execution to contact a lawyer.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
