WHAT IF THE JUDGMENT DEBTOR WANTS TO SETTLE WITH ME AFTER I FILE AN EXECUTION AGAINST GOODS AND CHATTELS (WRIT OF EXECUTION) AND AFTER THE JUDGMENT DEBTORS BANK ACCOUNT IS FROZEN?
Occasionally, after the judgment creditor files an execution against goods and chattels (writ of execution) and after a levy has been made by the court officer, the judgment debtor, brought to their knees, wants to make a settlement. The judgment creditor should be very careful about making a settlement at that point! Court officers who make a valid levy or who in some way helped produce payment are due their 10 percent commission on any amount paid by the judgment debtor. Accordingly, any payment the judgment creditor receives from a judgment debtor is subject to the court officers commission.
Related Questions
- What If The New Jersey Special Civil Part Judgment Debtor Wants To Settle With Me After I File An Execution Against Goods And Chattels (Writ Of Execution) And After The New Jersey Special Civil Part Judgment Debtor’s Bank Account Is Frozen?
- What if the judgment debtor is already paying on a previous income execution?
- Does a writ of execution have to be served before seizure of a bank account?
