Execution on Goods and Chattels. See R. 4:59-1(a).
A creditor can apply to the court for an execution on goods and chattels once the creditor has a valid judgment. The creditor may also request that court costs be added to the amount owed on the judgment. Costs are usually the filing and service fees. The execution allows the sheriff to collect on the debt owed by taking possession of the debtor’s personal property, such as their money in bank accounts (bank levy), furniture, motor vehicles, animals, notes, stocks and bonds. N.J.S.A. 2A:17-4 provides that executions, including bank levies, can be issued simultaneously in any county, not simply the county in which the case was
venued. The sheriff can attempt to sell property to satisfy the debt.
One of the most effective ways to collect on the judgment is to levy on a bank account. To do this, the creditor must know where the debtor has a savings, checking or other account. He or she must know the name and address of the
bank. Account number information is helpful. Once the sheriff levies on the account, the money is frozen. The creditor must then make a motion to the court for an order to turnover funds. The sheriff will serve the signed order on the bank, which will forward the levied funds to him or her for disbursement.
More information can be obtained from “ A PRACTITIONER’S GUIDE TO NEW JERSEY’S CIVIL COURT PROCEDURES”
http://www.judiciary.state.nj.us/civil/PractitionersGuideManualAppendicesMay2007WebPostingVersion.pdf KENNETH VERCAMMEN & ASSOCIATES, PC
ATTORNEY AT LAW
2053 Woodbridge Ave.
Edison, NJ 08817 (Phone) 732-572-0500
(Fax) 732-572-0030 Personal Injury Dept.: 732-572-0024
website: www.njpersonalinjurylawcenter.com
