On Judgment Personal Property, Goods, Chattels, also known as OPP, is a legal term used to refer to all forms of tangible personal property that is subject to a court order or judgment. OPP includes any type of personal property, such as money, goods, chattels, documents, instruments, and other items of value. These items may be seized by a court or creditor in order to satisfy a debt. OPP can also include intangible assets such as trade secrets, copyrights, patents, trademarks, and other intellectual property. The two main types of OPP are voluntary and involuntary. Voluntary OPP is when the owner of the property voluntarily agrees to transfer the property to a court or creditor in order to satisfy a debt. Involuntary OPP is when the court or creditor takes possession of the property without the owner's consent or knowledge. In order to protect the owner's rights, the court or creditor must provide notice to the owner of the OPP and allow the owner an opportunity to challenge the seizure. If the owner is successful in challenging the seizure, the court or creditor must return the property to the owner. If the owner is unsuccessful in challenging the seizure, the court or creditor may sell the property to satisfy the debt.
On Judgment Personal Property, Goods, Chattels)
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