Legal Remedies for Debt Recovery

Legal remedies for debt recovery are official ways through which a creditor can obtain repayment from a debtor. Common remedies include filing a lawsuit in court to seek a judgment, which legally confirms the debt owed. Once obtained, the court may order seizure of the debtor's assets, such as bank accounts or property, to satisfy the debt. Other methods include garnishing wages or ordering specific performance. These legal processes help ensure that creditors have a fair and enforceable means to recover what they are owed while following the law.