Attachment - A writ authorizing the seizure by the sheriff of property belonging to the defendant
in an action at law and to hold it to satisfy any judgment that the plaintiff may recover.
An attachment is a provisional remedy. It is the exercise of judicial power to save a vigilant creditor
from loss by taking possession of property of the debtor and holding it to satisfy any judgment that
may afterwards be obtained. It is usual to require from the creditor a bond in double the amount of
the claim for the payment of any loss or damage sustained by the debtor should the attachment
subsequently be vacated as illegal or improperly granted. The grounds ordinarily upon which an
attachment are issued are non-residence, fraud or deceit in obtaining credit, or actual or
contemplated removal of the person or property of the debtor from the jurisdiction of the court.
in an action at law and to hold it to satisfy any judgment that the plaintiff may recover.
An attachment is a provisional remedy. It is the exercise of judicial power to save a vigilant creditor
from loss by taking possession of property of the debtor and holding it to satisfy any judgment that
may afterwards be obtained. It is usual to require from the creditor a bond in double the amount of
the claim for the payment of any loss or damage sustained by the debtor should the attachment
subsequently be vacated as illegal or improperly granted. The grounds ordinarily upon which an
attachment are issued are non-residence, fraud or deceit in obtaining credit, or actual or
contemplated removal of the person or property of the debtor from the jurisdiction of the court.
 | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  |
| Copyright 2000 - 2010 by Dictionary of Accounting All Rights Reserved |