The property can not be taken if is it a joint property. If you are the only one on the judgement, then your spouse is entitled to protect his/her property. He/she must file an affidavit with the court and the sheriff's department to obtain an exemption of the property.
Yes, if they file suit and receive a judgment the creditor can execute the judgment as a lien against the debtor's property.
Any assets you have such as property, automobiles, bank accounts or wages.
A lien cannot be placed against an individual in reality. However, a judgment creditor such as a credit card company can place a lien against real property owned by a judgment debtor. The judgment creditor can take other steps as well to collect the debt, an example would be income garnishment.
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
The judgment creditor can execute the writ according to the laws of the state in which the judgment debtor resides. The preferred method is wage garnishment or bank account levy. Other options for the judgment creditor is the seizure and sale of unexempt real and personal property belonging to the debtor or liens against real property belonging to the debtor.
Answer: If your credit card company obtains a judgment against you they may take any property of value that they can find.
Yes.
Yes, if they file suit and receive a judgment the creditor can execute the judgment as a lien against the debtor's property.
Yes, if the lender sues the debtor and receives a judgment award, the judgment can be executed against personal or real property owned by the judgment debtor.
Any assets you have such as property, automobiles, bank accounts or wages.
Maybe, it depends upon how the property is titled. Generally when a judgment debtor is married and the spouse is not a part of the judgment order, then real property cannot be attached by the judgment writ.
If the management company files it immediately with a credit agency, it may be hours or days.
Nothing. A lien may be placed on real property that you own. At time of sale..the lien will be satisfied. Kiss the ground you live in florida. You can steal from credit card companies at will.
A lien cannot be placed against an individual in reality. However, a judgment creditor such as a credit card company can place a lien against real property owned by a judgment debtor. The judgment creditor can take other steps as well to collect the debt, an example would be income garnishment.
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
how do i get an answer to this question
A creditor must follow due process as prescribed by the laws of the state where the debtor resides. For a lien to be placed against real property the creditor must first sue the debtor, be awarded a judgment and enforce the judgment as a property lien.