Chapter 18 (Enforcement of Judgments) FINAL

Question 1

Judgment Debtor

Answer 1

The party that owes the money

Question 2

Lien

Answer 2

A claim by the creditor against property of the debtor as seurity for the debt

Question 3

Levy

Answer 3

The procedure by which assets of the debtor are seized for satisfaction of a judgment

Question 4

Till Tap

Answer 4

Collection of cash and checks on hand at a business in order to satisfy a judgment

Question 5

Keeper

Answer 5

A law enforcement agent who stays on the premises of a business and collects cash or checks sufficient to satisfy a judgement

Question 6

Bank Levy

Answer 6

A seizure of funds held in a debtor’s bank account

Question 7

Wage Garnishment

Answer 7

A direction to the employer of the judgment debtor to withhold a certain amount of money from each paycheck of the debtor for a limited period of time

Question 8

Writ of Execution

Answer 8

A order from the court empowering the sheriff, marshal, or other appropriate law enforcement agency to levy upon the assets of the debtor in order to satisfy the judgment.

Question 9

Demand Letter

Answer 9

The easiest and quickest step for payment on the judgment

Question 10

Abstract of Judgment

Answer 10

Places a lien on all real property owned by th debtor. (The lien continues for a period of ten years and the lien will also attach to any property the debtor acquires for a period of time after the recording of the lien)