Saturday, June 21, 2008

Returning collateral as needed

Hi,

An officer of the court may take collateral from a debtor who has defaulted on his debt, so long as he does not take life-essential items. However, the items he does take must be returned as needed to the debtor.

(Shulchan Aruch Choshen Mishpat 97:17)

Have a great day,
Mordechai

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