Pre-Judgment Attachment Permits a Creditor to Seize the Debtor's Property

question 76

Multiple Choice

Pre-judgment attachment permits a creditor to seize the debtor's property:

• A) to prevent the debtor from disposing of assets before litigation would result in a judgment for the creditor.
• B) if the defendant has not paid his debts on time.
• C) when the defendant has filed for bankruptcy.
• D) if the defendant cannot be persuaded to come to court.

---

Definitions:

Management Accountant

A professional role focused on providing financial data and advice to inform managerial decision-making and strategic planning.

Government Accountants

Accountants who work within the public sector, responsible for managing and auditing the finances of government agencies.

Balance Sheet

A document that provides a snapshot of a corporation's financial status, by listing its assets, debts, and the equity available to its shareholders at a given time.

Financial Position

A snapshot of an entity's finances at a particular time, including assets, liabilities, and equity, showing its economic standing.