ABL Blog

A plaintiff who has won a lawsuit and received a final judgment (“judgment creditor”) can use a writ of execution to seize and sell the debtor’s assets to collect their damages.  Writs of execution are court orders that direct a county sheriff or constable in Texas to levy on the debtor’s non-exempt property, sell it, and deliver payment to the creditor to satisfy the judgment. 

In Texas, when someone wins a final judgment against another party, they can utilize a legal tool called a turnover receivership to collect what they are owed. A turnover receivership is a legal process where the court appoints a receiver to manage the transfer of all the debtor’s assets that are not exempt from collection. These assets are then sold off to pay the judgment.

Are you an energy service company struggling to get paid for your materials and services? Unpaid invoices can seriously impact your business. This guide will help you navigate the complexities of oilfield collections, focusing on Texas law unless otherwise noted. Learn how to leverage legal tools, like liens and fund trapping, to improve your collection rates and maintain your company’s financial health.