Writ of Attachment


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Writ of Attachment

An order by a court to seize an asset. A writ of attachment may be issued if one has been convicted of fraud or some other crime that requires the relinquishment of property. It may also be used while a case is pending in order to freeze the assets of the accused.
References in periodicals archive ?
The United States District Court held that due to the Cuban Assets Control Regulations, the writ of attachment was impermissible.
Megatel moved to quash the writ of attachment because of potential double liability, the sovereign immunity of Nicaragua, and the district court's lack of jurisdiction.
124) After Flatow's earlier writ of attachment for "`all credits held by the United States to the benefit of [Iran],' including U.
Case obtained a writ of attachment to seize the logs in the mill yard, with the intention of stopping operations until Wright paid his taxes.
The anti-graft court Second Division released its fourth report dated March 18 on the preliminary writ of attachment to place on hold Corona's estate, real and personal properties, as well as cash on bank with total worth of P130.
Courts today will not allow a Writ of Attachment to be issued to a creditor whose security is worth less than the amount owed, if the creditor failed to obtain sufficient collateral in the beginning.
These rights include not only the rights that the Hegnas had already exercised at the time of relinquishment, the rights to obtain a writ of attachment on judgment and to have a marshal levy against the property under that writ, but also rights of 'execution' that the Hegnas had not yet exercised, such as the rights to proceed under that writ of attachment on judgment and, eventually, to have the property sold by the marshals and to receive the proceeds of that sale.
The writ of attachment establishes the company's legal interest in its assets and also helps to establish priority over other claimants to those funds.
Western Digital delivered a letter of credit in the amount of approximately $25 million in substitution for the writ of attachment.
98 cash in the bank accounts of Corona and his wife, according to its three reports on the preliminary writ of attachment to put on hold Corona's estate, real and personal properties, as well as cash on bank with total worth of P130.
When the business failure does not involve a bankruptcy filing, a vendor's prejudgment remedies, such as a writ of attachment or replevin, generally are not successful as the goods of which have already been disposed.
The creditor exercised a writ of attachment on March 6, 2002.