Question

List possible actions that may be taken by a creditor who has won a court judgment against a debtor?

Answer 1

Possible actions that may be taken by a creditor who has won a court judgment against a debtor include wage garnishment, bank levy, property lien, asset seizure, and judgment renewal.

Step-by-step explanation:

When a creditor wins a court judgment against a debtor, they have several actions they can take to collect the debt:

1. Wage Garnishment: The creditor can request an order to have a portion of the debtor's wages withheld to repay the debt.
2. Bank Levy: The creditor can place a levy on the debtor's bank account, freezing the funds and allowing the creditor to collect the debt.
3. Property Lien: The creditor can place a lien on the debtor's property, preventing them from selling or transferring ownership until the debt is satisfied.
4. Asset Seizure: In some cases, the creditor may be able to seize the debtor's assets, such as a vehicle or valuable possessions, and sell them to repay the debt.
5. Judgment Renewal: If the debtor does not pay the debt immediately, the creditor can renew the judgment, extending the timeframe for collection.