Writ Of Seizure And Sale Malaysia
What is a writ of seizure and sale wss.
Writ of seizure and sale malaysia. Where the judgment debtor s properties are subject to prior claim by leasing or financial institution for a great amount it may not be justified to proceed with writ of seizure and sale as the amount from the realization may not. The writ is a direction to the sheriff to seize in execution the movable properties of the judgment debtor within malaysia as may be sufficient to read more. It may be enforced against both movable and immovable property as well as against the securities. The writ of seizure and sale wss is what we regard as the most effective mode for the enforcement of a money judgment.
Under a wss the judgment creditor can request the court who then authorises the bailiff to seize property belonging to the judgment debtor to pay the judgment debt. A writ of seizure and sale wss is one of the options available for enforcement of court judgments. Time and date of execution fixed. Ii the court will command the sheriff or bailiff to seize and sell of the property of the judgment debtor to satisfy the judgment sum due.
A wss is one of the options available for the enforcement of a judgment or order. This enforcement application in which is applicable to immovable and movable property will command the court sheriff bailiff to seize and sell off the property of the debtor to satisfy the judgment sum due. Iii this process will be carried out through an auction of the seized items. The writ of seizure and sale wss is what we regard as the most effective mode for the enforcement of a money judgment.
Writ of seizure and sale according to o. Under a wss you judgment creditor can request the court to seize and sell movable property belonging to the other party judgment debtor to pay the judgment debt. Writ of seizure and sale form 78 is valid 12 months beginning date of issue. When the property to be seized is immovable property or any registered interest the seizure shall be made by an order prohibiting the.
45 r 12 1 the writ must be in the form prescribed namely form 84 or 85. I this application is applicable to movable properties. Writ of seizure and sale can also be enforced against the judgment debtor s properties in his or her own residence. A writ of seizure and sale is an option to consider if you know that the judgment debtor owns valuable property that can be sold and the proceeds used to pay the debt owed by the judgment debtor.
The provision for writ of seizure and sale can be found in order 45 rule 12 of the rules of court 2012 8. Writ of seizure and sale. What is a writ of seizure and sale wss. Writ seizure and sale.
May be extended for another 12 months if not wholly executed and application must be made before the writ expire.