The forced sale of a debtor's property is a collection means available to the courts known as _____.

Question

Quizplus · Accepted Answer

The forced sale of a debtor's property is known as a "writ of seizure and sale" which allows the creditor to forcibly sell the debtor’s assets to recover the outstanding loan amount. Garnishment is a legal process of deducting a certain amount of money from an employee's paycheck to pay off debts. A lien is a claim against someone's property as security for a debt. Direct and indirect compliance are not applicable in this context.

The Forced Sale of a Debtor's Property Is a Collection