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An example of a debtor's default would be failing to make payment as specified in the loan document/contract.
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Can attorney place levy on bank account from default judgment unsecured credit account in the state of Texas in which the debtor lives?
Yes, in Texas, an attorney can place a levy on a bank account as a means to enforce a default judgment on an unsecured credit account. This levy allows the attorney to collect the specified amount owed from the debtor's bank account to satisfy the judgment.
What is a restraining notice to judgment debtor?
A restraining notice to a judgment debtor is a legal document typically issued by a court that prohibits the debtor from transferring or disposing of certain assets, pending resolution of the debt owed to the creditor. It essentially freezes the debtor's assets to prevent them from being moved or hidden to avoid payment of the judgment.
Can debt collectors in Canada sue you in the US?
Debt collectors in Canada can sue individuals in the US for debts owed. However, they must follow the appropriate legal procedures in the US and comply with the laws governing cross-border debt collection. It is advisable to seek legal guidance if you are facing a lawsuit from a Canadian debt collector in the US.
What was the settlement for debtor prisoners?
The settlement for debtor prisoners was the practice of allowing imprisoned debtors to secure their release by paying off their debts or making a settlement agreement with their creditors. This practice was common in the 18th and 19th centuries before debtor's prisons were abolished in many countries.
What colony was founded as a refuge for debtor prisoners to work and to pay off their debts?
Georgia was founded as a refuge for debtor prisoners to work and pay off their debts.
Can the debtor file for bankruptcy after a creditor is awarded a default judgment because the debtor did not make a court appearance?
Yes, most judgments can be discharged in a chapter 7 bankruptcy.
Can debt collectors in Canada sue you in the US?
Debt collectors in Canada can sue individuals in the US for debts owed. However, they must follow the appropriate legal procedures in the US and comply with the laws governing cross-border debt collection. It is advisable to seek legal guidance if you are facing a lawsuit from a Canadian debt collector in the US.
What is a Counter Guarantee?
A counter guarantee is a guarantee given by the surety to the principle debtor providing him with continuing indemnity against the loss or damage that the surety may suffer on account of default on the part of the principle debtor
How can collection agency get money from debtor when debtor has lived outside of USA for many years and doesn't own any assets in USA although a debtor is a USA citizen how does the law apply here?
The collection agency sues, gets a default judgment if the debtor does not appear, obtains a court order of garnishment of the US citizen's tax refund.
Can attorney place levy on bank account from default judgment unsecured credit account in the state of Texas in which the debtor lives?
Yes, in Texas, an attorney can place a levy on a bank account as a means to enforce a default judgment on an unsecured credit account. This levy allows the attorney to collect the specified amount owed from the debtor's bank account to satisfy the judgment.
If you are sued for defaulted credit card debt do you have to go to court?
No, but in all likelihood a default judgment will be entered in favor of the plaintiff and can be enforced against the defendant debtor's real or personal property according to the laws of the debtor's state.
Are you required to appear in court before your wages can be garnished?
No, the defendant (debtor) does not have to appear at the date of the hearing. A non appearance usually results in a default judgment being entered against the debtor. The debtor will receive a notice of final judgment before the judgment creditor can take steps to have the judgment executed.
What is your business?
When a customer's loan or bill goes into default the company that lent the debtor the money will try to collect the debt. Most debt collectors are from the actual lender or are contractors that have purchased the debt and will try to collect the money from the debtor with interest.
What are a secured partys rights on a debtors default?
The secured party's right after default includes taking possession of the collateral of the debt. If the collateral does not cover the full amount of the debt than a judgment can be placed on the debtor to get the remaining money.
The default port number for the url?
The default port number depends on the protocol. If a URL starts, for example, with "http://", then the default port number will be 80. For other protocols, other default port numbers are used.The default port number depends on the protocol. If a URL starts, for example, with "http://", then the default port number will be 80. For other protocols, other default port numbers are used.The default port number depends on the protocol. If a URL starts, for example, with "http://", then the default port number will be 80. For other protocols, other default port numbers are used.The default port number depends on the protocol. If a URL starts, for example, with "http://", then the default port number will be 80. For other protocols, other default port numbers are used.
Can a credit card company put a lien on your property in Georgia?
The debtor would certainly be notified their account is delinquent. Also, the debtor knows when they haven't been paying their bills. The creditor must sue in court and win a judgment. If it wins the court will issue a judgment lien that can be recorded in the land records. The debtor will be notified of the lawsuit and must appear at the hearing or the creditor will win by default. It is better to negotiate a payment plan, if possible.
If a person has not missed a payment to a credit card company and they cancel him can they garnish his wages?
If the account is considered in default because the payments were not the minimum required, then a creditor has the option to pursue litigation against a debtor. Before a creditor could garnish the wages of a debtor a lawsuit would have to be undertaken and a judgment entered against the debtor. The judgment could possibly be executed as a wage garnishment according to the laws of the debtor's state of residency.
