Creditors Rights Law

What Is A Levy And Execution?

A levy is a legal method that a creditor may use to seize (take) property that you own. Most commonly a levy refers to an action by IRS or the state tax agency (Arizona Department of Revenue here) to take something from you. Seizure of property to satisfy a judgment would ordinarily be referred to as “execution,” since the sheriff is executes the judgment by taking the property from you for it to be liquidated to pay the creditor.