What is a legal levy?

Answer A legal levy is a post-judgment collection procedure authorized by law in which a judgment creditor seeks to attach the property or assets of a debtor defendant in order to obtain satisfaction for ... Read More »

Top Q&A For: What is a legal levy

What legal procedures must the IRS take before arriving at a levy?

The IRS describes a levy as the legal apprehension of assets to fulfill a tax debt. Unlike a lien, which uses the property as collateral, a levy actually seizes the property. Before arriving at a l... Read More »

What is tax levy?

The IRS notes that a levy is the legal apprehension of a debtor's assets to pay taxes owed. A levy is usually imposed if the debtor does not pay or make arrangements to pay his tax debt.Lien vs Lev... Read More »

What is a an IRS tax levy?

A levy is a legal method of collecting a debt. The Internal Revenue Service issues a levy to seize a taxpayer's property to satisfy an unpaid tax debt. The seized property is sold, and the cash pro... Read More »

What is a levy?

A levy is legal procedure used by judgment creditors to attach the assets or real property of a debtor in order to secure the payment of their judgment for damages.IdentificationIn the context of p... Read More »