What is a turnover order?
A turnover order is a court order in Florida creditors rights law that orders a debtor to turn over any property held by them to the creditor. This includes any money, goods, records, documents, or other assets. A turnover order allows a creditor to collect on a judgment against a debtor, even if the debtor does not have enough money to pay the full amount. A turnover order is an effective way to collect on a judgment after a lawsuit has been concluded, because the order requires the debtor to surrender assets they may be holding. The order will also require the debtor to turn over any proceeds from the sale of assets. In Florida, a turnover order is issued by a court and is enforceable by law. The order will usually specify a deadline for payment and how much the debtor must pay to the creditor. Failure to comply with the order can result in civil contempt charges, the enforcement of a writ of garnishment, or other legal consequences. A turnover order is an important part of Florida creditors rights law and can be used to recover funds owed to a creditor after a judgment has been obtained.
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