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When judgment entered against debtor is creditor held to any oral settlement agreement to pay off debt made between debtor and creditor?
Wiki User
∙ 15y ago
Not unless it is in writing unfortunatly.
Wiki User
∙ 15y ago
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Can a trust with a taxpayer ID be levied by a judgment creditor?
Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.
Can a creditor get a judgment against you before the court date?
no
If you have a judgment against you and cannot pay it all can you settle for less than what is owed?
The party involved can try to negotiate a settlement, but it's unlikely if a judgment has been awarded. Once a judgment is in place the creditor has several options for executing it for payment of funds owed. If the debtor is gainfully employed the creditor will probably enforce the judgment as a wage garnishment and collect the entire balance of the debt.
If you have a bad debt judgment against you can the creditor take your car?
yes
What can the credit card companies do if you refuse to pay a debt in Texas?
The creditor can file suit against the debtor and if the creditor is successful and is awarded a judgment the judgment can be executed against all non exempt real and personal property belonging to the judgment debtor.
Can a creditor collect without a judgment?
Plain and simply yes a creditor can collect without a judgment as this is the whole reason that you were granted the credit from them in the first place because you made an agreement between the creditor and yourself that they would lend you so much on the agreement by you that you would pay back a minimum ammount each week or month or whatever you and the creditor agreed upon and so when you fail to pay as per agreement then the creditor has to apply for a judgment against you and depending on which kind of judgment is granted to them they may either be given the right to cease the property back if it is a car or an item and then theyre allowed tosell that in order to get their money back which you have failed to pay or they may be permitted to acquire your property and hold onto it until the debt owed by you is paid in full in which case it then will be returned to you and not before so the answer to your question is yes the creditor may collect your agreed payments but no they cannot cease the goods back without a court judgment being filed against you and granted in their favour.
What is a voluntary judgment?
A voluntary judgment occurs when the debtor agrees to the charges against them from their creditor. A court will act as a mediator to finalize a payment arrangement that the debtor offers to the creditor.
What is a filed judgment?
It indicates the creditor plaintiff has won a lawsuit against the debtor defendent and a judgment has been entered in favor of the creditor. The creditor can enforce the judgment in accordance with the laws of the debtor's state of residency. The preferred method of executing a creditor judgment is wage garnishment, followed by bank account levy, a lien against real property owned by the debtor or the seizure and sale of nonexempt property owned by the debtor.
What will happen when i go to court for a credit card bill I haven't paid?
You will be given the facts against you and an opportunity to reply with a defense. Failing to persuade the court, you will be ordered to make an attempt to negotiate a settlement with the creditor. Failing that, you will be ordered to pay and a judgment will be entered against you. The creditor may then file and execute a lien on anything you own, earn or ever receive, until the judgment has been satisfied.
What happens to judgment when the plaintiff goes out of business?
The judgment is still collectable, it does not simply go away. The creditor may assign the debt to a third party, who has full authority to collect it, however the creditor may notify you, the judgment debtor, ehere and when to send payments. its still a judgment against you, and will remain so until the creditor instructs the Clerk to cancel it, by stating you have paid, or rather "satisfied" the judgment against you.
Can a creditor receive a judgment and or lien against me even though you have never appeared in court?
If you fail to appear in court a default judgment can be entered against you
How do you file for a judgment for an unpaid promissory note?
The creditor (holder of the note) would need to file a lawsuit in the court of jurisdiction where the debtor(borrower) resides. If the creditor prevails in the suit a judgment will be entered against the borrower. The creditor can then execute the judgment in accordance with the laws of the debtor's state.
