I don't think they can take your primary car or home but they can make your life a living hell. Ask a lawyer just to be on the safe side.
A letter from the collection company or creditor who reported it or a lien release form if the judgment was placed in lien against property.
In the US, a student loan collection company that is garnishing your wages will already have a court judgment against you. You can get out of the judgment and garnishment by consolidating your loans. Click the link at the bottom of this text box to get help with the consolidation of your loans.
Sounds like Karma to me.....
No. Court is a must
That's pretty simple to answer: Judgments don't go away because a company is sold or even goes out of business. The successor to the company or its assets has the right to pursue collection of the judgment. Occassionally you can get rid of the collection efforts and the judgment if you protest it on the basis that you were not given advance warning that the company was seeking the judgment. This is a legal matter that should be discussed with an attorney. Your rights may vary from place to place. However, if the judgment is discharged because you were not so warned, the new company may decide that it is not worth the time, cost and effort to obtain a new judgment.
Yes--but only if they have a court judgment against you. In that case, they would have what is called a judgment lien.
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.
Answer: If your credit card company obtains a judgment against you they may take any property of value that they can find.
Yes, if they file suit and receive a judgment the creditor can execute the judgment as a lien against the debtor's property.
You can take the company to court and have the court submit a judgment against the company. You can actually obtain your money from the company that refuses to submit the Garnishee Answer.
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.
Yes.