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Under Nevada Revised Statute (NRS), a judgment creditor can seize goods, chattels, money, and other personal and real property. This means that a judgment may allow a creditor to garnish personal property, levy bank accounts, put liens on real property, and even initiate wage garnishment.
How to write demand letters Your information and the debtors' information (contact details, address etc.) The date when the debt began and the amount of money owed. Details and dates of any disputes relating to this payment. Description of the nature of the agreement and breach of contract.
If you already have a judgment, then Nevada law provides legal remedies to obtain assets from a debtor who is unwilling to voluntarily pay. These remedies include bank and wage garnishments. You can also obtain a court order for the judgment debtor to appear for an examination under oath to list assets.
To execute your judgment you will need to prepare three (or maybe four) documents: (1) the Writ of Execution, (2) the Notice of Execution, (3) the Writ of Garnishment, and (4) the Instructions to the Constable or Sheriff. AUTOMATED FORMS INTERVIEW AVAILABLE!
Judgment means the final decision made by a court or tribunal. After the judges consider all the relevant evidence of the legal trial and consider all rights and obligations, the plaintiff and defendant will receive the final ruling.
A judgment remains in effect in Nevada for six years, and can be renewed forever. Executing a judgment allows a creditor to garnish your wages or attach your bank account or other property.
A letter of demand is a demand for payment from a debtor or defendant. It is usually the first step in a legal dispute case. A letter of demand will outline the breaches of the law, foreshadow the legal action and consequences of not paying.
Here are the general elements that should be incorporated into your letter: Today's date. Client's contact information. Your contact information. Greeting with client's name. Brief description of services rendered and price. Your payment details. Payment due date. Terms and conditions including late fees.