Section 116Part 17 — Benefit of Transactions Affecting the Debtor and the Debtor’s Property
How far creditor entitled to benefit of execution or attachment against debtor
←→ Navigate · Click subsection badges to collapse · Press ? for help
A creditor who has levied execution on the property of a debtor, or has made an attachment thereof, shall not be entitled to retain the benefit of such execution or attachment unless and except insofar as the creditor has, before the filing of a petition against or by such debtor, enforced such execution by sale of the property seized, or enforced such attachment by actual possession of the moneys attached or, as the case may be, by sale of the property attached.