How Can A Creditor Get An Attachment (Pre-Judgment) In Kentucky?
Prejudgment attachment may be obtained in Kentucky against property of the defendant, including garnishees, as security for the satisfaction of any judgment that may ultimately be awarded. Generally, the grounds required relate to the fraudulent removal or disposal of property that would otherwise be available for satisfaction of any judgment ultimately rendered. Motions for attachment must be supported by a rather specific affidavit and require the posting of a bond (with corporate surety) with sufficient sureties for not less than twice the value of the plaintiff's claim. Although attachment can be obtained without notice to the defendant, it is normally done with notice and the defendant has seven days to request a hearing.
Other Kentucky Collections-Creditors Rights FAQs
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Q:
What Is A Community Debt?
A: A community debt is, by and large, any debt created by either or both spouses while they were married. Community creditors generally look to both spouses to pay …
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Q:
Who Does The Creditor Collect From In A Divorce?
A: One of the divorce court's tasks is to decide and order which community debts each spouse will be responsible to pay. But the divorce court's order affects only the …
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Q:
What Is An Execution?
A: Ten days after the entry of judgment, execution may be issued against personal as well as real property pursuant to K.R.S. 426.010. Generally, execution is more …
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Q:
Is Wage Garnishment Recognized In Kentucky?
A: Wage garnishment is recognized in Kentucky as provided for in K.R.S. 425.501. An order of garnishment, once served, shall have priority and create a lien upon the date …
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