What is a turnover order?

A turnover order is a court order issued by a court in California that requires a debtor to turn over any property held by the debtor to the creditor. This includes accounts, money, and other assets. The court order will also specify any restrictions or conditions that must be met in order for the turnover order to be valid. The purpose of a turnover order is to give a creditor the ability to collect a debt from a debtor who is refusing to pay. This court order will specify that the debtor must turn over the property being requested by the creditor, and will state the exact amount and details of the debt to be paid. If the debtor does not comply with the turnover order, the court may issue additional orders, such as garnishing the debtor’s wages, to ensure the debt is paid in full. Turnover orders are a legal remedy available to creditors in California providing them with a powerful way to collect unpaid debt. It is important to note that a turnover order will not allow a creditor to take action unless the debtor is either in possession of the property being requested by the creditor or has a right to possess the property.

Related FAQs

What is a fraudulent transfer?
What is a secured claim?
What is a creditors’ committee?
What is the meaning of “claims process”?
What is a discharge in bankruptcy?
What is a discharge order?
What is the meaning of “unsecured debt”?
What is creditors’ rights law?
What is a real fraudulent transfer?
What is a “deficiency claim”?

What is a turnover order?

Related FAQs

Related Blog Posts