POST JUDGMENT REMEDIES, JUDGMENT LIENS, Judgment Remedies Paper 8.4.11.pdfThe University of Texas School of Law ... POST JUDGMENT REMEDIES, JUDGMENT LIENS, GARNISHMENT, ... III. WRIT

  • View
    219

  • Download
    2

Embed Size (px)

Text of POST JUDGMENT REMEDIES, JUDGMENT LIENS, Judgment Remedies Paper 8.4.11.pdfThe University of Texas...

  • The University of Texas School of Law

    Continuing Legal Education 512-475-6700 www.utcle.org

    Presented: 2011 Mastering the Art of Collecting Debts and Judgments

    September 1-2, 2011

    Austin, Texas

    POST JUDGMENT REMEDIES, JUDGMENT LIENS,

    GARNISHMENT,

    EXECUTION, TURNOVER PROCEEDINGS,

    RECEIVERSHIPS UNDER THE DTPA,

    AND "OTHER STUFF"

    DONNA BROWN

    Author contact information: Donna Brown Donna Brown, P.C. 1250 S. Capital of Texas Highway Building I, Suite 320 Austin, Texas 78746 (512) 732-2376 (512) 732-2518 (fax) www.dbrownlaw.com dbrown@dbrownlaw.com

    http://www.dbrownlaw.com/mailto:dbrown@dbrownlaw.com

  • I. SCOPE OF ARTICLE. ................................................................................................................... 1

    II. THE JUDGMENT LIEN. ............................................................................................................... 1

    A. PURPOSE. ......................................................................................................................... 1

    B. APPLICABLE STATUTES. ............................................................................................ 1

    C. CREATION OF LIEN...................................................................................................... 1

    D. FINAL JUDGMENTS AND APPEALS. ........................................................................ 1

    E. JUDGMENTS NOT COVERED IN THIS PAPER. ...................................................... 2

    F. THE ABSTRACT OF JUDGMENT. .............................................................................. 2

    1. Preparation............................................................................................................ 2

    2. Contents. ............................................................................................................... 2

    3. Strict Compliance Necessary. ............................................................................... 3

    4. Recordation. ......................................................................................................... 3

    5. Judgments Against Counter-defendants. .............................................................. 4

    6. Abstracts of Domesticated Judgments. ................................................................. 4

    G. PROPERTY TO WHICH LIEN ATTACHES............................................................... 4

    1. Non-Exempt Real Property. ................................................................................. 4

    2. Release of Record of Lien on Homestead Property. ............................................. 5

    H. KEEPING THE JUDGMENT AND JUDGMENT LIEN ALIVE. .............................. 5

    1. Non-Governmental Judgments. ............................................................................ 5

    2. State or State Agency Judgments. ........................................................................ 6

    3. Child Support Judgments ..................................................................................... 6

    I. CAN THE STATUTES OF LIMITATIONS ALTER THE LIFE

    OF THE JUDGMENT LIEN? ......................................................................................... 6

    J. PAYMENT OF JUDGMENTS. ....................................................................................... 7

    K. CANCELLATION OF JUDGMENT LIENS AFTER DISCHARGE. ........................ 7

    L. PRACTICAL TIPS. .......................................................................................................... 7

    III. WRIT OF EXECUTION. ............................................................................................................... 8

    A. PURPOSE. ......................................................................................................................... 8

    B. APPLICABLE RULES AND STATUTES. .................................................................... 8

    C. ISSUANCE. ....................................................................................................................... 8

    1. When. ................................................................................................................... 8

    2. Requirement of Due Diligence. ............................................................................ 8

    3. Requisites of the Writ. .......................................................................................... 8

    D. LEVY OF THE WRIT. .................................................................................................... 9

    E. SALE OF PROPERTY UNDER WRIT OF EXECUTION. ....................................... 10

    1. Real Property ...................................................................................................... 10

    2. Personal Property ............................................................................................... 10

    3. Order of Sale ..................................................................................................... 11

    4. Venditioni Exponas ........................................................................................... 11

    F. DEFENDANT'S RIGHT TO REPLEVY. .................................................................... 11

    1. Return of Property to Debtor. ............................................................................. 11

    2. Forfeiture of Bond. ............................................................................................. 11

    G. SUSPENDING EXECUTION. ...................................................................................... 11

    H. RECOVERY OF SEIZED PROPERTY/SETTING ASIDE THE SALE. ................. 12

    I. PROPERTY SUBJECT TO AND EXEMPT FROM EXECUTION. ........................ 12

    1. Property Subject to Execution. ........................................................................... 12

    2. Property Exempt from Execution. ...................................................................... 12

    3. Debtor's Homestead. ........................................................................................... 13

    a. Basis for exemption ........................................................................................ 13

    b. Property that constitutes homestead ............................................................... 13

    (1) Rural homestead. ............................................................................ 13

    (2) Expansion or limitation of the urban homestead. ........................... 13

    (3) Determining if homestead is rural or urban. ................................... 13

    c. Designation of homestead. .............................................................................. 14

    d. Effect of death on homestead claim. ............................................................... 14

    e. Homestead in Qualifying Trust. ...................................................................... 14

  • 4. Debtor's Personal Property. ................................................................................ 14

    a. The Aggregate Limitation, Plus Health Aids, Wages and

    Certain Commissions ...................................................................................... 15

    b. The "Laundry List". ........................................................................................ 15

    c. Additional Exemption for Insurance Benefits. ............................................... 16

    d. Additional Exemption for Certain Savings Plans. .......................................... 16

    e. Additional Exemption for College Savings Plans ........................................... 17

    f. Consigned Artwork Exempt from Dealers Creditors ..................................... 17

    g. Designation of Exempt Property. Section 42.003 provides: ........................... 17

    5. Property Subject to Security Interest or Mortgage. ............................................ 17

    6. Entities "Protected" from Execution ................................................................... 18

    a. National Banks. .............................................................................................. 18

    b. State Banks. .................................................................................................... 18

    c. Political Subdivisions ..................................................................................... 19

    7. Fraudulent Conveyances. ................................................................................... 19

    a. Fraudulent conversion of nonexempt personal property into

    exempt personal property. .............................................................................. 19

    b. Fraudulent transfer.......................................................................................... 19

    c. Disposition of assets of dissolved corporation. ............................................... 19

    8. Community and Separate Property. .................................................................... 20

    a. Availability of community and separate property to satisfy a judgment. ...................................................................................................... 20

    b. Classification of property as community or separate. ..................................... 20

    c. Order in Which Property is Subject to Execution. .......................................... 21

    J. CONSIDERATIONS WHEN