Court Auctions : Effective Processes and Enforcement Agents
This paper considers the historical origins and efficacy of enforcement of civil court judgments, with a special focus on court auctions. It reviews the procedural and practical options available to courts and associated agencies for the identifica...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2012/01/15826440/court-auctions-effective-processes-enforcement-agents http://hdl.handle.net/10986/18405 |
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okr-10986-18405 |
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| recordtype |
oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO CREDIT ACCESS TO INFORMATION ACCESS TO JUSTICE ALTERNATIVE DISPUTE RESOLUTION ASSET DISPOSITION ASSETS AUCTION PRICE AUCTION PROCEDURES BAILIFF BAILIFFS BALANCE DUE BANK ACCOUNTS BID BIDS BUSINESS CASE BUSINESS INSOLVENCY BUSINESS PRACTICE CASE BACKLOGS CASE OF DEFAULT CASE OF NONPAYMENT CLAIM CLAIMANT CLAIMANTS CLIENT COUNTRIES COLLATERAL COLLATERAL IN SATISFACTION COLLUSIVE BIDDING COMMERCIAL DEBTS COMMERCIAL DISPUTES COMPENSATION COMPETITIVE MARKET CONSUMER PROTECTION CONSUMER PROTECTION LAWS CONSUMER PROTECTION LEGISLATION COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORRUPTION COUNSEL COURT COURT DECISION COURT DECISIONS COURT INTERVENTION COURT JUDGMENT COURT JUDGMENTS COURT ORDER COURT ORDERS COURT PROCESSES COURT RULES COURT SUPERVISION COURT SYSTEMS COURTS CREDIBILITY CREDIT SYSTEM CREDITOR CREDITOR RIGHTS CREDITORS CRIMINAL CRIMINAL JUSTICE CRIMINAL PUNISHMENT CRIMINAL PUNISHMENTS DAMAGES DEBT DEBT COLLECTION DEBT COLLECTION PROCESSES DEBTOR DEBTOR'S PROPERTIES DEBTOR'S PROPERTY DEBTORS DEPENDENT DEPOSIT DEVALUATION DEVELOPING COUNTRIES DISCOVERY DISCRETIONARY POWER DISCRETIONARY POWERS ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC LOSS EMPOWERMENT ENFORCEMENT MECHANISMS ENFORCEMENT METHOD ENFORCEMENT OF JUDGMENTS ENFORCEMENT PROCEDURE ENFORCEMENT PROCESS ENFORCEMENT PROCESSES ENFORCEMENT SYSTEM ENFORCEMENT SYSTEMS ENFORCEMENTS EQUALITY EQUIPMENT ESTATE EU EXECUTIONS FAIR MARKET VALUE FAIR PRICE FINANCIAL SITUATION FORECLOSURE FORECLOSURE SALES HARMONIZATION HOUSES HUMAN RIGHTS IMMOVABLE PROPERTY IMPRISONMENT INCOME INSOLVENCY INSOLVENCY LAWS INSOLVENCY REFORMS INSOLVENCY SYSTEMS INSTITUTIONAL REFORM INSURANCE INSURANCE INDUSTRY INTEREST OF CREDITORS INTERESTED PARTIES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT OPTIONS JUDGE JUDGES JUDGMENT JUDGMENT CREDITOR JUDGMENT DEBT JUDGMENT DEBTOR JUDICIAL AUCTIONS JUDICIAL DECISION JUDICIAL DECISIONS JUDICIAL SALES JUDICIAL SYSTEM JUDICIARY JURISDICTION JURISDICTIONS JUSTICE SYSTEM JUSTICE SYSTEMS JUVENILE JUSTICE LACK OF ASSETS LEGAL ENFORCEMENT LEGAL ENTITIES LEGAL FRAMEWORK LEGAL HISTORY LEGAL OBLIGATION LEGAL PROCEEDINGS LEGAL REQUIREMENTS LEGAL STATUS LENDER LIABILITY LIENS LOAN MAGISTRATES MAJOR CREDITORS MANDATE MARKET CONDITIONS MARKET ENVIRONMENT MARKET VALUE MONOPOLY MORTGAGES NONJUDICIAL ENFORCEMENT NOTARIES NOTARY ORIGINAL CONTRACT PARTICULAR COUNTRY PERFORMANCE MEASURES PERSONAL PROPERTY PLEDGES POLICE PRICE FORMATION PRIVATE AUCTIONS PRIVATE DEBTS PRIVATE ENFORCEMENT PRIVATE LAW PRIVATE SALES PRIVATIZATION PROPERTY RIGHTS PUBLIC ADMINISTRATION PUBLIC AUCTION PUBLIC AUCTIONS PUBLIC DEBT PUBLIC ENFORCEMENT PUBLIC SALES PUBLIC UTILITIES REAL ESTATE REAL PROPERTY RECEIVER RECOVERY RATE REFORM PROGRAMS REGULATORY SYSTEM REPOSSESSION REPUTATIONS RETURNS RULE OF LAW SALARY SALE OF ASSETS SALE OF PROPERTY SANCTIONS SAVINGS SECURITY INTEREST SEIZURE SEIZURE OF ASSETS SEIZURE OF PROPERTY STATE COURTS TAX TITLE TITLES TRACK RECORD TRANSPARENCY TREASURY TREATY VALUATION WARRANTS WILL |
| spellingShingle |
ACCESS TO CREDIT ACCESS TO INFORMATION ACCESS TO JUSTICE ALTERNATIVE DISPUTE RESOLUTION ASSET DISPOSITION ASSETS AUCTION PRICE AUCTION PROCEDURES BAILIFF BAILIFFS BALANCE DUE BANK ACCOUNTS BID BIDS BUSINESS CASE BUSINESS INSOLVENCY BUSINESS PRACTICE CASE BACKLOGS CASE OF DEFAULT CASE OF NONPAYMENT CLAIM CLAIMANT CLAIMANTS CLIENT COUNTRIES COLLATERAL COLLATERAL IN SATISFACTION COLLUSIVE BIDDING COMMERCIAL DEBTS COMMERCIAL DISPUTES COMPENSATION COMPETITIVE MARKET CONSUMER PROTECTION CONSUMER PROTECTION LAWS CONSUMER PROTECTION LEGISLATION COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORRUPTION COUNSEL COURT COURT DECISION COURT DECISIONS COURT INTERVENTION COURT JUDGMENT COURT JUDGMENTS COURT ORDER COURT ORDERS COURT PROCESSES COURT RULES COURT SUPERVISION COURT SYSTEMS COURTS CREDIBILITY CREDIT SYSTEM CREDITOR CREDITOR RIGHTS CREDITORS CRIMINAL CRIMINAL JUSTICE CRIMINAL PUNISHMENT CRIMINAL PUNISHMENTS DAMAGES DEBT DEBT COLLECTION DEBT COLLECTION PROCESSES DEBTOR DEBTOR'S PROPERTIES DEBTOR'S PROPERTY DEBTORS DEPENDENT DEPOSIT DEVALUATION DEVELOPING COUNTRIES DISCOVERY DISCRETIONARY POWER DISCRETIONARY POWERS ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC LOSS EMPOWERMENT ENFORCEMENT MECHANISMS ENFORCEMENT METHOD ENFORCEMENT OF JUDGMENTS ENFORCEMENT PROCEDURE ENFORCEMENT PROCESS ENFORCEMENT PROCESSES ENFORCEMENT SYSTEM ENFORCEMENT SYSTEMS ENFORCEMENTS EQUALITY EQUIPMENT ESTATE EU EXECUTIONS FAIR MARKET VALUE FAIR PRICE FINANCIAL SITUATION FORECLOSURE FORECLOSURE SALES HARMONIZATION HOUSES HUMAN RIGHTS IMMOVABLE PROPERTY IMPRISONMENT INCOME INSOLVENCY INSOLVENCY LAWS INSOLVENCY REFORMS INSOLVENCY SYSTEMS INSTITUTIONAL REFORM INSURANCE INSURANCE INDUSTRY INTEREST OF CREDITORS INTERESTED PARTIES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT OPTIONS JUDGE JUDGES JUDGMENT JUDGMENT CREDITOR JUDGMENT DEBT JUDGMENT DEBTOR JUDICIAL AUCTIONS JUDICIAL DECISION JUDICIAL DECISIONS JUDICIAL SALES JUDICIAL SYSTEM JUDICIARY JURISDICTION JURISDICTIONS JUSTICE SYSTEM JUSTICE SYSTEMS JUVENILE JUSTICE LACK OF ASSETS LEGAL ENFORCEMENT LEGAL ENTITIES LEGAL FRAMEWORK LEGAL HISTORY LEGAL OBLIGATION LEGAL PROCEEDINGS LEGAL REQUIREMENTS LEGAL STATUS LENDER LIABILITY LIENS LOAN MAGISTRATES MAJOR CREDITORS MANDATE MARKET CONDITIONS MARKET ENVIRONMENT MARKET VALUE MONOPOLY MORTGAGES NONJUDICIAL ENFORCEMENT NOTARIES NOTARY ORIGINAL CONTRACT PARTICULAR COUNTRY PERFORMANCE MEASURES PERSONAL PROPERTY PLEDGES POLICE PRICE FORMATION PRIVATE AUCTIONS PRIVATE DEBTS PRIVATE ENFORCEMENT PRIVATE LAW PRIVATE SALES PRIVATIZATION PROPERTY RIGHTS PUBLIC ADMINISTRATION PUBLIC AUCTION PUBLIC AUCTIONS PUBLIC DEBT PUBLIC ENFORCEMENT PUBLIC SALES PUBLIC UTILITIES REAL ESTATE REAL PROPERTY RECEIVER RECOVERY RATE REFORM PROGRAMS REGULATORY SYSTEM REPOSSESSION REPUTATIONS RETURNS RULE OF LAW SALARY SALE OF ASSETS SALE OF PROPERTY SANCTIONS SAVINGS SECURITY INTEREST SEIZURE SEIZURE OF ASSETS SEIZURE OF PROPERTY STATE COURTS TAX TITLE TITLES TRACK RECORD TRANSPARENCY TREASURY TREATY VALUATION WARRANTS WILL Gramckow, Heike Court Auctions : Effective Processes and Enforcement Agents |
| relation |
Justice and development working paper series;no. 18 |
| description |
This paper considers the historical
origins and efficacy of enforcement of civil court
judgments, with a special focus on court auctions. It
reviews the procedural and practical options available to
courts and associated agencies for the identification of
assets that may be used to satisfy a judgment debt and the
processes for court-supervised asset seizure and sale by
public auction. The efficiencies of public court auction
processes are considered, including the elements of
enforcement systems that can produce sub-optimal returns on
sold assets and higher incentives for corrupt practices.
Also considered is the trend in some systems for greater use
of private agents as a means by which the cost of court
enforcement processes can be reduced and for overcoming
sometimes lengthy delays in enforcement. The paper concludes
by identifying alternatives to public auction that in some
cases can offer better prospects of assuring full payment of
a judgment debt. |
| format |
Publications & Research :: Working Paper |
| author |
Gramckow, Heike |
| author_facet |
Gramckow, Heike |
| author_sort |
Gramckow, Heike |
| title |
Court Auctions : Effective Processes and Enforcement Agents |
| title_short |
Court Auctions : Effective Processes and Enforcement Agents |
| title_full |
Court Auctions : Effective Processes and Enforcement Agents |
| title_fullStr |
Court Auctions : Effective Processes and Enforcement Agents |
| title_full_unstemmed |
Court Auctions : Effective Processes and Enforcement Agents |
| title_sort |
court auctions : effective processes and enforcement agents |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2012/01/15826440/court-auctions-effective-processes-enforcement-agents http://hdl.handle.net/10986/18405 |
| _version_ |
1764435890292129792 |
| spelling |
okr-10986-184052021-04-23T14:03:35Z Court Auctions : Effective Processes and Enforcement Agents Gramckow, Heike ACCESS TO CREDIT ACCESS TO INFORMATION ACCESS TO JUSTICE ALTERNATIVE DISPUTE RESOLUTION ASSET DISPOSITION ASSETS AUCTION PRICE AUCTION PROCEDURES BAILIFF BAILIFFS BALANCE DUE BANK ACCOUNTS BID BIDS BUSINESS CASE BUSINESS INSOLVENCY BUSINESS PRACTICE CASE BACKLOGS CASE OF DEFAULT CASE OF NONPAYMENT CLAIM CLAIMANT CLAIMANTS CLIENT COUNTRIES COLLATERAL COLLATERAL IN SATISFACTION COLLUSIVE BIDDING COMMERCIAL DEBTS COMMERCIAL DISPUTES COMPENSATION COMPETITIVE MARKET CONSUMER PROTECTION CONSUMER PROTECTION LAWS CONSUMER PROTECTION LEGISLATION COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORRUPTION COUNSEL COURT COURT DECISION COURT DECISIONS COURT INTERVENTION COURT JUDGMENT COURT JUDGMENTS COURT ORDER COURT ORDERS COURT PROCESSES COURT RULES COURT SUPERVISION COURT SYSTEMS COURTS CREDIBILITY CREDIT SYSTEM CREDITOR CREDITOR RIGHTS CREDITORS CRIMINAL CRIMINAL JUSTICE CRIMINAL PUNISHMENT CRIMINAL PUNISHMENTS DAMAGES DEBT DEBT COLLECTION DEBT COLLECTION PROCESSES DEBTOR DEBTOR'S PROPERTIES DEBTOR'S PROPERTY DEBTORS DEPENDENT DEPOSIT DEVALUATION DEVELOPING COUNTRIES DISCOVERY DISCRETIONARY POWER DISCRETIONARY POWERS ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC LOSS EMPOWERMENT ENFORCEMENT MECHANISMS ENFORCEMENT METHOD ENFORCEMENT OF JUDGMENTS ENFORCEMENT PROCEDURE ENFORCEMENT PROCESS ENFORCEMENT PROCESSES ENFORCEMENT SYSTEM ENFORCEMENT SYSTEMS ENFORCEMENTS EQUALITY EQUIPMENT ESTATE EU EXECUTIONS FAIR MARKET VALUE FAIR PRICE FINANCIAL SITUATION FORECLOSURE FORECLOSURE SALES HARMONIZATION HOUSES HUMAN RIGHTS IMMOVABLE PROPERTY IMPRISONMENT INCOME INSOLVENCY INSOLVENCY LAWS INSOLVENCY REFORMS INSOLVENCY SYSTEMS INSTITUTIONAL REFORM INSURANCE INSURANCE INDUSTRY INTEREST OF CREDITORS INTERESTED PARTIES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT OPTIONS JUDGE JUDGES JUDGMENT JUDGMENT CREDITOR JUDGMENT DEBT JUDGMENT DEBTOR JUDICIAL AUCTIONS JUDICIAL DECISION JUDICIAL DECISIONS JUDICIAL SALES JUDICIAL SYSTEM JUDICIARY JURISDICTION JURISDICTIONS JUSTICE SYSTEM JUSTICE SYSTEMS JUVENILE JUSTICE LACK OF ASSETS LEGAL ENFORCEMENT LEGAL ENTITIES LEGAL FRAMEWORK LEGAL HISTORY LEGAL OBLIGATION LEGAL PROCEEDINGS LEGAL REQUIREMENTS LEGAL STATUS LENDER LIABILITY LIENS LOAN MAGISTRATES MAJOR CREDITORS MANDATE MARKET CONDITIONS MARKET ENVIRONMENT MARKET VALUE MONOPOLY MORTGAGES NONJUDICIAL ENFORCEMENT NOTARIES NOTARY ORIGINAL CONTRACT PARTICULAR COUNTRY PERFORMANCE MEASURES PERSONAL PROPERTY PLEDGES POLICE PRICE FORMATION PRIVATE AUCTIONS PRIVATE DEBTS PRIVATE ENFORCEMENT PRIVATE LAW PRIVATE SALES PRIVATIZATION PROPERTY RIGHTS PUBLIC ADMINISTRATION PUBLIC AUCTION PUBLIC AUCTIONS PUBLIC DEBT PUBLIC ENFORCEMENT PUBLIC SALES PUBLIC UTILITIES REAL ESTATE REAL PROPERTY RECEIVER RECOVERY RATE REFORM PROGRAMS REGULATORY SYSTEM REPOSSESSION REPUTATIONS RETURNS RULE OF LAW SALARY SALE OF ASSETS SALE OF PROPERTY SANCTIONS SAVINGS SECURITY INTEREST SEIZURE SEIZURE OF ASSETS SEIZURE OF PROPERTY STATE COURTS TAX TITLE TITLES TRACK RECORD TRANSPARENCY TREASURY TREATY VALUATION WARRANTS WILL This paper considers the historical origins and efficacy of enforcement of civil court judgments, with a special focus on court auctions. It reviews the procedural and practical options available to courts and associated agencies for the identification of assets that may be used to satisfy a judgment debt and the processes for court-supervised asset seizure and sale by public auction. The efficiencies of public court auction processes are considered, including the elements of enforcement systems that can produce sub-optimal returns on sold assets and higher incentives for corrupt practices. Also considered is the trend in some systems for greater use of private agents as a means by which the cost of court enforcement processes can be reduced and for overcoming sometimes lengthy delays in enforcement. The paper concludes by identifying alternatives to public auction that in some cases can offer better prospects of assuring full payment of a judgment debt. 2014-05-22T21:26:18Z 2014-05-22T21:26:18Z 2012-01 http://documents.worldbank.org/curated/en/2012/01/15826440/court-auctions-effective-processes-enforcement-agents http://hdl.handle.net/10986/18405 English en_US Justice and development working paper series;no. 18 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research |