What to do about a notice of execution for personal property because of a judgement against me?
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What to do about a notice of execution for personal property because of a judgement against me?
Sheriff sale is scheduled. If I pay the judgement will this stop the sale?
Asked on July 13, 2011 under Bankruptcy Law, Pennsylvania
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
A writ of execution for the sale of personal property as a result of a judgment for collection purposes is a serious matter in that an asset could very well be sold for payment on the judgment.
If you have the money to pay the judgment against you in full to prevent the writ of execution from seizing property for sale to satisfy the judgment, prudence suggests paying off the judgment in full and receiving a signed satisfaction of judgment to be filed with the court and recorded with the county recorder's office where the judgment was entered against you.
If you cannot pay the judgment in full right away, try and negotiate a payment plan with the judgment creditor in exchange of a hold on any levies on your assets conditioned upon honoring the agreed installments.
Good luck.
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