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| *Loan,banking and credit>>>bank account |
A writ of execution was issued to my bank. does this prevent me from withdrawing money from my account? |
A writ of execution was issued to my bank. does this prevent me from withdrawing money from my account? A writ of execution is a common court order granted by a court in an attempt to satisfy a judgment obtained by a plaintiff. When issuing a writ of execution, a court typically will order a sheriff or other similar official to levy property owned by a judgment debtor. Such property will often then be sold in a sheriff's sale, and the proceeds remunerated to the plaintiff in partial or full satisfaction of the judgment. It is generally considered preferable for the sheriff simply to confiscate money from the defendant's bank account. Well, it doesn't freeze your account. But I would sure move it now! Not if there is any left to withdraw. The creditor has already received the amount of the writ (if you had that much in the account). |
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