What is a writ of attachment?

A writ of attachment is a court order in North Carolina debtor and creditor law which allows creditors to attach certain assets of a debtor in order to satisfy a debt. This means that the assets, such as money in bank accounts, real property, or vehicles, may be taken by creditors in order to pay off the debt. The writ of attachment also prohibits the debtor from transferring, selling, or disposing of any assets that are attached so that creditors are able to receive their money. For a writ of attachment to be issued, a creditor must show that they have a legitimate debt from the debtor that has not been paid. The court will review the evidence provided by the creditor before deciding whether or not to issue the attachment. The debtor will then be notified of the decision and will have an opportunity to dispute the debt or present any other evidence that could show why the writ of attachment should not be issued. It is important for debtors to be aware of a writ of attachment because it can have a major financial impact. The asset or assets attached by the creditor can be held until the debt is paid in full or they may be sold by the creditor to generate the funds needed to pay the debt.

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What is a writ of attachment?

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