Texas Business & Commerce Code - Section 24.008. Remedies Of Creditors
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§ 24.008. REMEDIES OF CREDITORS. (a) In an action for
relief against a transfer or obligation under this chapter, a
creditor, subject to the limitations in Section 24.009 of this
code, may obtain:
(1) avoidance of the transfer or obligation to the
extent necessary to satisfy the creditor's claim;
(2) an attachment or other provisional remedy against
the asset transferred or other property of the transferee in
accordance with the applicable Texas Rules of Civil Procedure and
the Civil Practice and Remedies Code relating to ancillary
proceedings; or
(3) subject to applicable principles of equity and in
accordance with applicable rules of civil procedure:
(A) an injunction against further disposition by
the debtor or a transferee, or both, of the asset transferred or of
other property;
(B) appointment of a receiver to take charge of
the asset transferred or of other property of the transferee; or
(C) any other relief the circumstances may
require.
(b) If a creditor has obtained a judgment on a claim against
the debtor, the creditor, if the court so orders, may levy execution
on the asset transferred or its proceeds.
Amended by Acts 1987, 70th Leg., ch. 1004, § 1, eff. Sept. 1,
1987.
Section: 24.001 24.002 24.003 24.004 24.005 24.006 24.007 24.008 24.009 24.010 24.011 24.012 24.013 26.01 26.02
Last modified: August 10, 2007
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