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What Is An Execution?

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 successful when the sheriff is given information regarding specific property to be levied against. Although encumbered property can technically be sold, prior lien holders must be included in any judicial sale and as a practical matter judgment creditors may risk substantial outofpocket costs associated with a sale in the event that insufficient proceeds are generated to satisfy prior secured or judgment lien creditors.

Other Kentucky Collections-Creditors Rights FAQs

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 … More
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 … More
Q: How Can A Creditor Get An Attachment (Pre-Judgment) In Kentucky?
A: Prejudgment attachment may be obtained in Kentucky against property of the defendant, including garnishees, as security for the satisfaction of any judgment that … More
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 … More

Collections-Creditors Rights Sub-categories

Chex Systems
Collections
Creditor Remedies in Bankruptcy
Debt Collections
Enforcement of Judgments
Fair Credit Reporting Act
Fair Debt Collection Practices Act

Identity Theft
Judicial Remedies
Mortgage Foreclosure
Non-Judicial Remedies
Secured Transactions
Types of Creditors