What is the best way to execute a judgement on a small business?
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What is the best way to execute a judgement on a small business?
Asked on September 10, 2012 under Bankruptcy Law, Maryland
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
1) If the business owns real property, you can have a lien put on it.
2) If you know what personal (non-real estate) property the business owns, like a car or truck, equipment, etc., you may be able to execute on--that is, have the sheriff or constable seize and sell it.
3) If you know where the business banks, you can ley on (take money from) its bank account.
You should be able to get forms and instructions from your local courts, though it would be better if you hired an attorney to do this for you.
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