Page 149 - Demo

148Interesting facts about enforcement of civil case judgmentAfter a sale of property by public auction, why does a plaintiff not receive the full amount of purchase price paid by a buyer?After the buyer paid the purchase price in full, the proceeds must be paid for other expenses in the following order:1. Execution fees.2. The plaintiff%u2019s advanced payment for various expenses.3. Debts owed to preferred creditor(s) such as a mortgagee.4. Debts owed to ordinary creditor(s).5. Any remaining amount from the sale proceeds will be paid by the enforcementofficertothedebtor(s).The proceeds from a sale by public auction will not be paid to the creditorinfullbutwillbeinitiallyspentonvariousfeesfirst.Ifthecreditorstill has not received debt repayment in full, the creditor has the right to further enforce payment from the debtor%u2019s other properties within the time period prescribed by the laws. No.29QuestionAnswer