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How a creditor judgment can be executed depends upon the laws of the debtor's state.

The preferred method is wage garnishment or bank account levy.

In most states it is also possible for the creditor to enforce the judgment to seize and liquidate non exempt property (bonds, stocks, etc.) belonging to the debtor and place a lien against real property.

For homeowner's it is very important that they know what the laws of their state concerning the homestead exemption in order to prevent a forced sale of the residence.

The best option is for the debtor to obtain legal advice or representation as soon as possible. Most attorneys offer free or minimal fee consultations to discuss the individual's personal circumstances.

If the individual cannot afford a private attorney he or she can contact the local branch of legal aid society.

Please be advised, all legal aid agencies have a waiting list and specific requirements for eligibility.

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βˆ™ 2011-09-12 21:18:51
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Q: How do credit card judgments work?
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Where can one find information on credit card judgments?

One can find information on credit card debt judgments on the Nolo website. Additionally, one can find information on credit card judgments on websites such as AskDoctorDebt or ConsumerRecoveryNetwork.


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