Notice of the bankruptcy and short

A short is something with the announcement of bankruptcy. A short, also called a writ ordered Sheriff use, certain assets of who filed bankruptcy. Short DescriptionA execution is written after a judgment of the Court bankruptcy is finalized. It is used notification that certain assets for a certain day.PurposeA short sale notification purposes is used for a person to inform bankruptcy. A person who has filed bankruptcy has the right, your assets until the Court of Justice said extinguished rights. This notification is prescribed by law and varies depending on for the duration of the alert status occurs before the person sale.ProcessA filed bankruptcy often ordered to liquidate the assets of the debt repayment. The Court shall notify a person be seized assets. Sheriff comes and seized the property, and is sold in an auction. This refund to do purposes. If sold assets in this way, the funds are first payment auction sale of the goods used team. Then the payment of debts of the person are used.