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It is very important to list your belongings in the Petition and claim them as Exempt. Guns, Horses, Cows, Furniture, Clothes, Wedding Rings, Electronics, Tools and Retirement Accounts if listed and claimed properly will be exempt and you can keep them!
If the defendant simply does not pay, you may execute on the defendant's property, you may have a garnishment issued against the defendant's assets or wages and you may compel the defendant to come to court for a Hearing on Assets to determine what assets are available.
Almost anything can be seized in a civil asset forfeiture. The assets do not have to be used as evidence in a felony criminal proceeding to be seized in Oklahoma ? it is enough that the police believe they are in some way connected to a crime. Cash is perhaps the most commonly seized asset.
Once a plaintiff has obtained a default judgment against a defendant, they can use it to collect a debt or damages in several ways. Collection efforts may include wage garnishments, property liens, seizure of assets held in bank accounts, and more.
In realistic terms, you are ?attaching? your judgment to the Judgment Debtor's assets. Some methods of carrying out an attachment in Oklahoma include recording a judgment, seeking a garnishment, or having the court issue a writ of execution to the sheriff.
What is an asset forfeiture money judgment? A: An asset forfeiture money judgment can be obtained when the proceeds or property involved in criminal activity cannot be located. In such cases, the Government establishes the value of the assets that would be subject to forfeiture.
In Oklahoma it is crucial to keep in mind the (5) year statute of limitation on your judgment. After that period, if the judgment is not renewed, it cannot legally be recognized in a court of law and can no longer be renewed if renewal period has passed.
If at the end of sixty (60) days after the notice has been mailed or published there is no verified answer on file, the court shall hear evidence upon the fact of the unlawful use and may order the item forfeited to the state, if such fact is proven.