{"id":1952,"date":"2015-04-27T14:53:45","date_gmt":"2015-04-27T06:53:45","guid":{"rendered":"http:\/\/alexchanglaw.com\/?p=1952"},"modified":"2023-06-08T19:00:34","modified_gmt":"2023-06-08T11:00:34","slug":"writ-seizure-sale-definition","status":"publish","type":"post","link":"https:\/\/alexchanglaw.com\/index.php\/writ-seizure-sale-definition\/","title":{"rendered":"Fastest Way to Recover Judgment Debt Writ of Seizure and Sale"},"content":{"rendered":"\n
\u4e2d\u6587\u7248<\/a>
Versi Bahasa Malaysia<\/a><\/h6>\n\n\n\n

Definition  of Writ of Seizure and Sale<\/h3>\n\n\n\n

The Writ of Seizure and Sale (WSS)  is what we regard as  the most effective  mode for the enforcement of a money judgment.<\/p>\n\n\n\n

The writ is a direction to the Sheriff to seize in execution the movable properties of the judgment debtor within Malaysia as may be sufficient to satisfy the amount of the judgment debt, interest and the costs of the execution.<\/p>\n\n\n\n

Execution<\/h3>\n\n\n\n

The WSS will start the execution  by the seizure and thereafter  sale of the judgment  debtor\u2019s  movable  properties.  The sale is   usually by a public auction, conducted by the Sheriff or a licensed  auctioneer which is  sufficient to satisfy the judgment debt and costs of the execution.   An auction is usually conducted 14 days after seizure.<\/p>\n\n\n\n

Usually at least one  security personnel  will be posted to ensure that the judgment debtor does not remove the properties seized.<\/p>\n\n\n\n

The writ further directs the Sheriff to pay the plaintiff the amount levied (less  his own costs and charges),  state   how he has executed it, and  send a copy of such statement to the plaintiff.<\/p>\n\n\n\n

The judgment creditor may  enforce the judgment by way of a winding-up petition<\/a> against the judgment debtor without first exhausting  other methods of execution.<\/p>\n\n\n\n

For disputes on the goods seized click here<\/a>.<\/p>\n\n\n\n

REVIEW BY OUR CLIENTS ON WRIT OF SEIZURE AND SALE<\/h3>\n\n\n\n
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Send in the SEAL Team To Extract Your Lost Funds<\/a><\/blockquote>