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Writ Of Execution
A court order granting a creditor the right to seize assets of a debtor to satisfy a judgment.
Non-exempt Property
Assets that can be seized in bankruptcy proceedings because they are not protected by exemption laws, possibly being sold off to pay creditors.
Wage Garnishment
A legal procedure in which a portion of an individual's earnings is withheld by an employer for the payment of a debt.
Federal Consumer Credit Protection Act
Legislation designed to ensure fair and informed use of credit, protecting consumers from abusive practices by creditors.
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