Execution (judicial attachment)

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In Austria, the term execution denotes a judicial attachment . This occurs, for example, in the event of serious payment difficulties of a debtor or an irrecoverable bill of exchange lawsuit . In an execution leads a court appointed enforcement agent a seizure of private or sometimes operating through goods. In Germany and Austria the person concerned is called a bailiff .

In the case of a salary execution , the outstanding amount is collected directly from the debtor's employer. The seized amount is deducted from the outstanding salary in the wage accounting and transferred directly to the creditor.

If the outstanding loan or the bill of exchange remains uncovered, the execution can lead to a foreclosure auction or garnishment down to the subsistence level.

See also