Illinois Citation To Discover Assets To Third Party is a legal procedure used by creditors to locate and seize property owned by a debtor, usually in order to satisfy a judgement. It is also known as a Citation To Discover Assets, a Third-Party Citation or an Illinois Citation. This legal action is taken when a debtor has not responded to the creditor’s demand for payment and the creditor needs to collect the debt. There are two types of Illinois Citation To Discover Assets To Third Party: 1. Non-Party Citation: This is a citation issued to a third party who is not a party to the debt dispute. The third party must provide the creditor with information regarding any assets held by the debtor. 2. Party Citation: This is a citation issued to a party to the debt dispute. The party must provide the creditor with information regarding any assets held by the debtor. In both cases, the creditor must provide a copy of the citation to the debtor and a hearing is scheduled in court where the debtor can challenge the citation. If the debtor fails to appear in court, the court may issue a bench warrant for the debtor's arrest. If the debtor does appear in court, the court may order the third party to turn over the assets of the debtor to the creditor.
Illinois Citation To Discover Assets To Third Party is a legal procedure used by creditors to locate and seize property owned by a debtor, usually in order to satisfy a judgement. It is also known as a Citation To Discover Assets, a Third-Party Citation or an Illinois Citation. This legal action is taken when a debtor has not responded to the creditor’s demand for payment and the creditor needs to collect the debt. There are two types of Illinois Citation To Discover Assets To Third Party: 1. Non-Party Citation: This is a citation issued to a third party who is not a party to the debt dispute. The third party must provide the creditor with information regarding any assets held by the debtor. 2. Party Citation: This is a citation issued to a party to the debt dispute. The party must provide the creditor with information regarding any assets held by the debtor. In both cases, the creditor must provide a copy of the citation to the debtor and a hearing is scheduled in court where the debtor can challenge the citation. If the debtor fails to appear in court, the court may issue a bench warrant for the debtor's arrest. If the debtor does appear in court, the court may order the third party to turn over the assets of the debtor to the creditor.
