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Perhaps what is meant by "garnish" is seized for sale for payment of a debt owed. In theory any real or personal property owned solely by a debtor can be attached and sold by a judgment holder to recover money owed.
Vehicles are considered real property and unless they are protected by the state's exemption law can be subject to seizure and sale.
What else can I help you with?
What states cannot garnish wages for debt collection?
North and South Caroline, Texas and Pennsylvania. These 4 states can not garnish for debt collection.
Can they Garnish wages on unsecured debt?
It depends on the state that you live in. Google "your state wage garnishments" and this should list your state and it will go into detail what can happen. Thank God I live in TEXAS...where they prohibit wage garnishments!!
Can a credit card company garnish wages for unpaid debt in Texas?
No.
Can credit card companies garnish wages for unsecured debt in NE?
There is no such thing as unsecured debt. There is debt that is not secured by collateral. There is debt that is secured by your signature on a contract. And, yes, if the creditor has obtained a judgment against you for credit card debt, they may serve your employer with an order of garnishee and secure up to 25% of your paycheck per pay period.
Can a debt collector garnish your wages on a repossession in Texas?
Yes if you signed a wage garnish when buying the car. If you didn't they may be able to but the courts will have to decide.
Can a debt collector sue for debt purchased below dollar value from original creditor in Texas?
If the debt was a secured debt, yes...if it was unsecured, doubtful they will do this unless it's a large sum of money.
Can your house be taken for unsecured debt in Illinois?
In general, an unsecured debt cannot lead to the forfeiture of a solid asset like a house. Unsecured debt is not tied to collateral.
Can a credit card company garnish your wages in ny state for unsecured debt?
Yup. Though its usually done by a company that buys debts and then files suit. But yes, absolutely.
You owe a debt in Texas a collector from Texas wants to garnish your wages in Mississippi Can he do that?
In theory, yes, but it would be expensive for him to do it. Depends how much you owe and how bad they want it.
Does Texas law allow judgments by the courts to garnish wages for credit card debt?
Yes, Texas allows garnishment of wages for credit card debit
Is a credit card considered unsecured debt?
Yes, a credit card is considered unsecured debt because it is not backed by collateral.
Is subordinated debt more senior than senior unsecured?
No. While both tranches of debt are unsecured (no collateral pledged in support of the debt obligation), by definition, senior unsecured ranks higher in the capital structure than subordinated debt, meaning that senior unsecured creditor claims will receive payment prior to subordinated debt creditors upon bankruptcy of the debtor.
