Ask a ?

Attachments

An attachment is a provisional seizure of property pending determination of a lawsuit whereby a creditor has a debtor's property seized to satisfy a debt. The process typically works this way:

  • The creditor petitions the court for a writ of attachment
  • A hearing is held
  • A writ or judicial order is issued by the court ordering the sheriff or another officer to seize property belonging to the defendant
  • The property is impounded by the officer of the court and held to await the outcome of the lawsuit. Using a writ of attachment, the defendant is prevented from disposing of the property to the detriment of the plaintiff - assuming the plaintiff is successful in the lawsuit.

Edited by Michael Dennis, author of "Credit and Collection Handbook" available at the NACM Bookstore.
Print friendly page
Educational Events

anscers.com, Encyclopedia of Credit, anscers Community, CMA Daily News, JoinCMA.com are services of CMA Business Credit Services. Copyright ©2008 CMA Business Credit Services. All rights reserved.