Question

Several legal steps must sometimes be taken before a creditor can have his outstanding debt satisfied through the sale of the debtor's property. Which of the following is NOT one of the steps in the process?

A) judgmentB) writ of persecutionC) lis pendens - attachment.D) writ of execution

Answer 1

Answer is option B, i.e. Writ of persecution.

Step-by-step explanation:

Before a creditor can satisfy his outstanding debt from the creditors, there are three important steps that have to be taken before doing so, these steps are:

a) Judgment

b) Lis pendens - attachment

c) Writ of execution.

However, Writ of persecution is not a mandatory step, as it deals with the prosecution of a person and not a property or assets.