Virginia Levy Information
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FAQ
Writ of Fieri Facias (Fi Fa) This writ is designed to help a plaintiff obtain sufficient money out of the assets held by the defendant to pay a money judgment in favor of the plaintiff and against the defendant at the option of the plaintiff.
Levy means to impose a tax or other economic charge, enlist or conscript for military service, or wage war (levy an army; levy war on, upon or against). Property taxes are levied on (or against) the assessed value of a dwelling.
Meaning of levied in English (of a government or organization) to demand an amount of money, such as a tax, from a person or organization: A new tax was levied on consumers of luxury goods.
This is usually referred to as either a Writ of Fifa or Levy. This process authorizes the Sheriff or High Constable to go to the debtor's residence and inventory or seize property for collection of the debt.
An IRS levy permits the legal seizure of your property to satisfy a tax debt. It can garnish wages, take money in your bank or other financial account, seize and sell your vehicle(s), real estate and other personal property.
An IRS levy permits the legal seizure of your property to satisfy a tax debt. It can garnish wages, take money in your bank or other financial account, seize and sell your vehicle(s), real estate and other personal property.
A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.
Levies are generally used when a taxpayer has failed to resolve a debt through voluntary payment. Warrants are used to close a taxpayer's business and/or seize a taxpayer's real or personal property other than a financial institution account or wages.
