Debt Enforcement
/ˈdɛt ɪnˌfɔːrsmənt/
Definitions
- (n.) The legal process by which a creditor seeks to obtain payment or performance of a debt through court orders or other legal means.
The bank initiated debt enforcement to recover the unpaid loan amount.
- (n.) The methods used by authorities to execute judgments related to debts, including seizure of assets or wage garnishment.
Debt enforcement often involves garnishing the debtor's wages to satisfy the judgment.
Forms
- debt enforcement
Related terms
See also
Commentary
Debt enforcement typically follows a judicial judgment and is distinct from voluntary debt collection efforts; specifying the procedural context aids clarity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.