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If you have a debt in collections or a judgment but have no property in the US can your creditors collect on property or assets in another country?
Wiki User
∙ 18y ago
No, judgments or debt collection procedures cannot be enforced against the debtor's property outside of U.S. borders. Where large debts have been incurred in conjunction with a business, litigation action has been somewhat sucessful in U.S. Commonwealth countries like Puerto Rico.
Wiki User
∙ 18y ago
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Can a lien be placed on your property in one state if you move to another?
Yes. The judgment creditor can also file an Abstract of Judgment against property owned by the debtor in another state if the action is warranted.
What can collection agencies seize?
State laws determine the property that can be excempt from a judgment creditor. Generally it will be the same property which is considered exempt during bankruptcy with a few exceptions. The major exception would be the homestead exemption amount and/or the ability for a judgment creditor to force the sale of a primary residence. Another issue that could impact the judgment execution against any property is whether the debt applies to married couples who are not co-debtors and do not live in a community property state. The majority of judgment creditors prefer the use of wage garnishment when executing the judgment writ. In lieu of that the second choice is usually bank account levy.
If property is conveyed to another party does that party now own the property?
Yes. And if it was subject to liens that weren't paid off when the property was transferred then the property is still subject to those liens and those creditors can still go after it.
What if you win a judgment in one state but the property the person owns is in another state?
can someone please answer this question
What is a bankruptcy trustee?
The court appointed person (usually another lawyer) that takes all non-exempt property from the debtor, liquidates the property, and pays the creditors (according to a specific formula)
How do you collect on a judgment when defendant lives out of state?
File a "foreign judgment" against the real property owned by the judgment debtor. This is done by contacting the tax assessor/land office in the county where the debtor resides. If the debtor does not have real property that can be encumbered by a lien, the judgment holder will need to secure a domestic judgment (requires another suit) from the state court in the county where the debtor resides to seize personal property or garnish wages for the repayment of the debt.
Can a deficiency judgment on a property in one state force a sale on a primary residence in another state.?
It depends on the state where the primary residence is located. For instance, in the State of Florida, the answer would be "no". The Florida Constitution provides a homestead protection against the efforts of creditors to levy on one's primary residence. However, a judgment creditor could record a certified copy of the judgment in the county where the Florida primary residence was located and thereby effectuate a lien on the property. This would keep the judgment debtor from being able to refinance the home or make other efforts to pull equity out of the home. In order to determine the answer to this question for the state in which you are located, you should seek legal counsel licensed to practice in your state.
Can you place a lien on property held as joint tenant for value of inheritance that they agreed to purchase at time of inheritance?
You need to state your case before a judge and get a judgment in your favor in order to obtain a judgment lien against another party. You have no power to place a lien on anyone's property.
How do you remove a judgment from a home that was awarded in a divorce if the deed to the property was never transferred to the non debtor ex-spouse?
If the judgment lien was placed before the divorce and not paid or settled the property could not have been conveyed to another party regardless of the terms divorce decree. If the couple lived in a community property state the property lien is against both of them even though only one spouse incurred the debt and the awarding of the home in the divorce decree is irrelevant as to the validity of the judgment. Before the deed can be conveyed to the spouse who was awarded the property the judgment will have to be paid or settled according to the terms of the lien holder.
What is the difference between a judgment and a lien on your credit report?
A judgment on your credit report conveys the decision of a court concerning a lawsuit. Amounts owed to the creditor are described in the judgment. A lien on a credit report expresses the legal right of one party to keep possession of property belonging to another party.
Can the State of Wisconsin block a Minnesota court order to seize property?
The following is general information. A Minnesota court order allowing the seizure of property to satisfy a judgment would not be valid by itself to seize property in another state. There is reciprocity between states so theMinnesota judgment creditor can use the judgment issued by the Minnesota court to obtain a judgment in the Wisconsin court and then seize the property.
What is the difference between a lien on property and lien on a person's name?
You have asked an interesting question. Briefly:There are numerous different types of liens in law. Some occur voluntarily when a property owner places their property as security for a loan. This type may be viewed as a lien against property.Some liens are involuntary such as when a plaintiff wins a judgment against another in a court of equity. The judgment is against the person and the successful plaintiff can request a judgment lien that can be used by the sheriff to attach and take possession of the defendant's property to satisfy the amount owed to the plaintiff. A judgment lien can be recorded in the land records to attach and take possession of real property.
