InvestorsHub Logo
Followers 71
Posts 17743
Boards Moderated 0
Alias Born 08/29/2008

Re: None

Monday, 06/08/2009 1:46:25 PM

Monday, June 08, 2009 1:46:25 PM

Post# of 41474
HRNF has judgment liens against it

Highlights from the sunbiz (Florida) judgment lien site

-The judgment debtor may also select personal property worth up to $1,000, and one motor vehicle worth up to $1,000, as exempt property. Only people have exemptions. If your judgment is against a corporation or a partnership, the sheriff can seize all of its property. Of course, the sheriff can only levy on property the judgment debtor truly owns - not property owned by somebody else, such as leased property.

-If the judgment debtor does not pay, you are entitled to get the sheriff to seize the judgment debtor's property. The seizing of property by the sheriff is called a levy. Once the sheriff has levied on the property, the sheriff will then sell it, and pay you out of the money the sheriff receives from the sale. This process is called execution.


Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.