Creditors' Remedies against Debtors (10:III): Difference between revisions
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Creditors' Remedies against Debtors (10:III) (view source)
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==== c) Legal Advice on Execution Orders ==== | ==== c) Legal Advice on Execution Orders ==== | ||
Once the execution process has begun, the debtor usually has one final opportunity to pay. In the case of land, the sheriff may not sell until one month after receiving the order for sale (s 100). The debtor should be advised to pay if possible because the amount recovered on a forced | Once the execution process has begun, the debtor usually has one final opportunity to pay. In the case of land, the sheriff may not sell until one month after receiving the order for sale (COEA s 100). The debtor should be advised to pay if possible because the amount recovered on a forced sale may not be as high as otherwise obtained on a normal sale of property. | ||
=== 4. Garnishment of Bank Accounts and other Accounts Receivable === | === 4. Garnishment of Bank Accounts and other Accounts Receivable === | ||