ABC Loans Ltd

Multiple Choice

ABC Loans Ltd.successfully sued Brian Dooley and obtained a judgment for $150 000 after Dooley failed to repay a loan.The value of all of Dooley's assets is only about $100 000.Which statement best describes the steps ABC can now take against Dooley?

A) ABC can seize all of Dooley's assets and apply the proceeds to toward the judgment.
B) ABC cannot seize Dooley's assets but can garnish his bank account.
C) ABC will be limited in its ability to seize Dooley's assets because some assets may be exempt from seizure to ensure Dooley is not left destitute.
D) ABC will be able to apply to a public fund in the event that Dooley is unable to pay the entire judgment.