Hubbry Logo
Nulla bonaNulla bonaMain
Open search
Nulla bona
Community hub
Nulla bona
logo
7 pages, 0 posts
0 subscribers
Be the first to start a discussion here.
Be the first to start a discussion here.
Nulla bona
from Wikipedia

Nulla bona is a Latin legal term meaning "no goods". A sheriff writes this when he can find no property to seize to pay off a court judgment.[1] Synonymous with return nulla bona, it denotes the return of a writ of execution signifying that the officer made a strict and diligent search but was unable to find any property of the defendant liable to seizure under the writ, whereof to make a levy.

It may also be used as a plea by a garnishee, denying that he holds property of, or is indebted to, the defendant.

The nulla bona is issued by the Master of the High Court if after the issue of a warrant of execution, the attached property of the debtor is found to be insufficient to suffice for the payment of creditors.

References

[edit]
Revisions and contributorsEdit on WikipediaRead on Wikipedia
Add your contribution
Related Hubs
User Avatar
No comments yet.