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Simple English definitions for legal terms

executory process

Read a random definition: disinter

A quick definition of executory process:

An executory process is a legal procedure that can be used by a creditor to seize and sell property in order to satisfy a debt. This process can be used when the creditor has a mortgage or privilege in their favor, or when they are seeking to enforce a judgment that has been rendered by a different court. It is a summary and accelerated procedure that allows the creditor to take action without the involvement of the debtor.

A more thorough explanation:

Executory process is a legal procedure that can be used in two situations:

  1. When a creditor has a right to a debt that is secured by a mortgage or privilege, and the debtor has not paid the debt. The creditor can use executory process to seize and sell the property that is secured by the mortgage or privilege to recover the debt.
  2. When a creditor has obtained a judgment against a debtor in one court, but the debtor has not paid the judgment. The creditor can use executory process to enforce the judgment by seizing and selling the debtor's property.

For example, if a person takes out a loan to buy a car and uses the car as collateral for the loan, the lender can use executory process to seize and sell the car if the borrower does not make the loan payments. Similarly, if a person is sued and a judgment is entered against them, the creditor can use executory process to seize and sell the person's property to satisfy the judgment.

executory limitation | exedos

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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