Legal Definitions - grab law

Definition: Grab law refers to the different methods used to collect debts that are not covered by federal bankruptcy law. These methods include attachment and garnishment, as well as aggressive collection practices.

Examples:

• Attachment: This is when a creditor obtains a court order to seize a debtor's property, such as a car or a house, to satisfy a debt.
• Garnishment: This is when a creditor obtains a court order to take a portion of a debtor's wages or bank account to satisfy a debt.
• Aggressive collection practices: This can include constant phone calls, threatening letters, and even harassment by debt collectors.

These examples illustrate how grab law can be used to collect debts in ways that may be seen as unfair or overly aggressive. While creditors have the right to collect debts owed to them, they must do so within the bounds of the law and without resorting to harassment or intimidation.