Home>What is Sale of Personal Property?

What is Sale of Personal Property?

August 16, 2022

By Site Producer Attorney & Retired Law Professor

If the lien has continued unpaid for twenty days after the charges have accrued, the person holding the property may inform the owner, if the property is located in the same county as the lien, to pay the charges. If the owner does not pay the charges within ten days, the property holder may sell the property at public auction and use the revenues to pay the charges. The remaining proceeds will be paid to the person who is entitled to them (the original owner). If the owner’s domicile is not in the same county as the property, the holder is not required to give the ten-day notice before selling. If the owner can be traced, a five-day notice of sale must be given, and if not, two notices must be published in a county newspaper.

The holder must pay the amount to the county if the person legally entitled to receive the balance is unknown or has moved out of the county. If the party establishes his entitlement to the money to the satisfaction of the county within two years of the date of payment to the department of revenue, the money shall be paid to him. All unclaimed funds must be deposited to a specific fund after two years.

Please read the current statute because the advice above may be out-of-day. A.R.S. §33-1023.

By |Published On: August 16th, 2022|Last Updated: September 14th, 2022|

Share this article

About the Author: Site Producer

Diane L. Drain - Bankruptcy LawyerDiane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.

*Important Note from Diane: Everything on this web site is offered for educational purposes only and not intended to provide legal advice, nor create an attorney client relationship between you, me, or the author of any article. Information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state. Make sure to check out their reviews.*

Law Office of D.L. Drain, P.A., Arizona Bankruptcy Lawyer - Google Reviews
Law Office of D.L. Drain, P.A., Arizona Bankruptcy Lawyer - Yelp Reviews
Law Office of D.L. Drain, P.A., Arizona Bankruptcy Lawyer - Avvo Reviews
Avvo - Rate your Lawyer. Get Free Legal Advice.
Law Office of D.L. Drain, P.A., Arizona Bankruptcy Lawyer - Alignable Reviews
Law Office of D.L. Drain, P.A., Arizona Bankruptcy Lawyer - Better Business Bureau
5 / 5

“You folks are the BEST OF THE BEST in Arizona.” M.H.

You and Jay are the best attorneys I have ever had or needed and thank God for the Honorable Robert Gottsfield in recommending you folks – I would have never made it through the entire process without you and Jay and God Bless you both always and stay in touch as well. You folks are the BEST OF THE BEST in Arizona.

5 / 5

“My only regret is that I didn’t find Diane sooner.” K.H.

I can’t say enough good things about Diane. The way she handled my not typical circumstances was amazing. I was very nervous to start the bankruptcy process but Diane just has a very comforting way of explaining the whole process. My only regret is that I didn’t find Diane sooner. If you find yourself in a financial situation that you can’t correct on your own, please Call Diane Drain as soon as possible.

5 / 5

“Filing for bankruptcy can be a stressful life event” R.A.

Filing for bankruptcy can be a stressful life event, and selecting the right attorney can add to this stress. Diane and Jay were a pleasure to work with, and it is obvious that they are passionate about helping people get their life back on track. I would highly recommend them if you need a bankruptcy attorney.

RELATED POSTS

My intention is to put you back in control of your life
Start with $0 down*. We provide affordable payment plans.

FREE CONSULTATION