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writ of seizure and sale

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Financial Dictionary

Writ of Seizure and Sale

A court order that permits a creditor to instruct a sheriff to seize and sell assets/property of a debtor in order to payoff a debt.

Investopedia Commentary

To get the debtor's property sold, or to put a lien on it, the creditor must obtain a Writ of Seizure and Sale from a court. This is usually a final solution once all other options have been exhausted.

See also: Creditor, Debtor, Lien, Liquidation

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