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Levy: The process of seizing a judgment debtor's property to pay the judgment debt. In Florida, the sheriff's department levies the property. The sheriff's department sells the levied property in order to pay the creditor.
A Writ of Execution is a method directed by the Court to attempt to enforce a judgment that has been granted. It authorizes a sheriff to levy on property belonging to the defendant within the State of Florida.
The Clerk of Court Recording Department records, indexes, and archives all documents that create the Official Records of Hillsborough County.
(1) Any lien created by a writ of execution which has been delivered to the sheriff of any county before October 1, 2001, remains in effect for 2 years thereafter as to any property of the judgment debtor located in that county before October 1, 2001, and remaining within that county after that date.
Once you have located property the sheriff can seize, you take your judgment to the Clerk of the Court that issued the judgment and ask for a document called a Writ of Execution. This tells the sheriff to seize property of the judgment debtor to satisfy your judgment.
A levy is the legal seizure of property to satisfy an outstanding debt. If you fail to pay your taxes, the Internal Revenue Service may respond by levying your tax return or property. Tax authorities can also levy other assets, such as bank accounts, rental income, or retirement accounts.
1. Legally ordered seizure and sale of property to satisfy a delinquent debt or judgment. The money obtained from such action is also called a levy.
Levy. 1) v. to seize (take) property upon a writ of execution (an order to seize property) issued by the court to pay a money judgment granted in a lawsuit.
Getting a Writ of Execution ), the court directs the sheriff or marshal to enforce the judgment in your case in the county where the assets are located. Writs of execution are only good for 180 days.
How Long Is a Writ of Execution Good for? According to Texas Rule of Civil Procedure 34.001, a Writ of Execution for a money judgment can be applied for within 10 years of the entry of a judgment and is good for just as long. Within the 10 year period, the writ can be renewed at any time for an additional 10 years.