Glossary of Construction Collection Terms

Third Party Examination

A Third Party Examination is similar to a Debtor’s Examination in that the party being examined is subpoenaed to appear in court and testify under oath about the location of the debtors assets.

Third parties may be employers, clients customers, partners, spouses, other relatives, landlords, and other that may assets a creditor in the enforcement of a judgment.

Wage Garnishment

A Wage Garnishment is a legal process whereby a creditor may obtain up to 25% of a debtor’s net wages each pay period to be applied to a judgment that is owed.

Writ of Execution

A court order to the sheriff to levy execution on the debtor’s earnings and property.

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