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LSDefine

Simple English definitions for legal terms

judicial sale

Read a random definition: Manual of Patent Examining Procedure

A quick definition of judicial sale:

A judicial sale is when a court sells someone's property to pay off a debt they owe. This happens when the person who owes the debt doesn't pay it back after being ordered to by the court. The sale is usually held in the courthouse and the money from the sale goes to the person who is owed the debt. The person who owes the debt can still avoid the sale by paying the debt in full before the sale happens.

A more thorough explanation:

When a court issues a monetary final judgment in a lawsuit, the winning party (judgment creditor) has the right to collect the debt owed by the losing party (judgment debtor). If the debtor fails to pay, the creditor can ask the court to enforce the judgment. The court will then issue a writ of execution, which allows a court officer (usually a sheriff) to take the debtor's money or property to pay the creditor. If there isn't enough money, the court can sell the debtor's property to pay the debt. This sale is called a judicial sale.

For example, let's say John sues Jane for $10,000 and wins. Jane doesn't pay the debt, so John asks the court to enforce the judgment. The court issues a writ of execution, and a sheriff takes Jane's car (worth $5,000) to pay John. Since there's still $5,000 left to pay, the court orders a judicial sale of Jane's house to cover the remaining debt.

The judicial sale usually takes place in the courthouse, and the court will issue an order of judicial sale that specifies the property to be sold, the notice, time and place of sale, and the terms and conditions of sale. However, the judgment debtor can still avoid the sale by paying the debt in full.

Judicial sale is usually the last resort for a judgment creditor to collect on a debt.

judicial review | judiciary

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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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