A WRIT of seizure and sale is an order issued to the bailiff to seize the goods or assets of a debtor at his home or business. Once the items have been seized, a date is scheduled for their sale through an auction. Money collected from the auction is then paid to the creditor.
Number of writs of seizure and sale filed
Jan-July 2008: 2,352
2007: 5,096
2006: 6,840
Number of bankruptcy petitions made
Jan-July 2008: 1,784
2007: 3,217
2006: 3,506