A creditor judgment can be executed as a wage garnishment or bank account levy or seizure and sale of non exempt personal property or a lien of a possible forced sale of real property held by the debtor.
If the collector sues the debtor and is awarded a judgment the judgment can be executed as a wage garnishment.
Yes, if the creditor sues the debtor and is awarded a judgment the judgment can be used to place a lien against real property belonging to the debtor.
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.
No
Only if the credit card is assigned to the business as a company card.
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.
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Pennsylvania is 4 years. That is usually from the last use or payment.
Answer: If your credit card company obtains a judgment against you they may take any property of value that they can find.
yes, and its always against you
A person's wages can not be garnished unless a judgment is obtained in court against that person. People get sued all the time for credit card debt. Once the credit card company gets a judgment, then they can garnish wages.
Credit card companies in Pennsylvania, in all fifty states and the US territories have seven years to collect on a debt after the date of last payment. In the event a judgment has been granted, this increases to ten years from the date of judgment or last payment which ever is greater. Incidentally, this time limit is the same for rep[orting the debt on the debtor's credit report.