A type of judgement known as a common order is contingent upon specific actions to be taken by one party in the future. For instance, in a foreclosure case, a common order may mandate the sale of a mortgaged property unless the mortgagor pays the outstanding amount within a designated timeframe. A judgement represents the court’s ultimate ruling on the rights and responsibilities of the parties involved in a case. A judgement that is deemed void lacks legal validity.
A conditional judgement that is contingent upon the completion of certain future acts by one of the parties. For instance, a typical order may require the sale of mortgaged property in a foreclosure case unless the mortgagor fulfils certain obligations.
A Common Order is a legal document that allows a creditor to seize and sell a debtor’s property to recover a debt owed to them.
Any creditor who is owed a debt can apply for a Common Order.
A Common Order can be used to recover any type of debt, including unpaid loans, credit card debts, and unpaid bills.
To apply for a Common Order, you must file an application with the court that has jurisdiction over the debtor’s property.
After you file an application for a Common Order, the court will review your application and issue an order allowing you to seize and sell the debtor’s property.
Any property owned by the debtor can be seized and sold using a Common Order, including real estate, vehicles, and personal property.
No, you cannot seize and sell property that is jointly owned by the debtor and another person.
If the debtor does not have enough property to cover the debt owed, you may be able to garnish their wages or bank accounts to recover the debt.
Yes, the debtor can challenge a Common Order by filing an objection with the court.
A Common Order remains in effect until the debt is paid in full or the court cancels the order.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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