Where there are joint owners a creditor of one can petition the court for a judgment. If the creditor is successful and the debt isn't paid then they could petition to partition (sell) the debtors interest. You may need to purchase that interest to keep your property ownership close with no third party owning an interest.
Generally, if the car is jointly owned, a creditor may be able to go after the co-owner's interest in the vehicle. However, laws vary by jurisdiction and the specific circumstances of the case can also impact how the creditor can pursue the debt. It is advisable to consult with a legal professional for guidance on this matter.
No
A creditor is a person or organization to whom one owes money. A secured party creditor is one who has a lien on tangible property, such as a car or house, until the money is paid back.
No, such an action is not possible, and even if it were it would not protect the person's property from creditor action. Personal and real property belonging to a debtor are protected from creditor attachment to the extent provided by the laws of the debtor's state. The exemptions that can be used to protect specific property against a judgment creditor are the same ones that are used when filing bankruptcy and in certain circumstances federal non-bankruptcy exemptions can be used as well.
A hospital can seek a court order to seize any property owned by your mother at the time of her death in order to satisfy the debt. However, if she owned no property the creditor is out of luck unless some other person signed a contract agreeing to be responsible.A hospital can seek a court order to seize any property owned by your mother at the time of her death in order to satisfy the debt. However, if she owned no property the creditor is out of luck unless some other person signed a contract agreeing to be responsible.A hospital can seek a court order to seize any property owned by your mother at the time of her death in order to satisfy the debt. However, if she owned no property the creditor is out of luck unless some other person signed a contract agreeing to be responsible.A hospital can seek a court order to seize any property owned by your mother at the time of her death in order to satisfy the debt. However, if she owned no property the creditor is out of luck unless some other person signed a contract agreeing to be responsible.
The creditor is the person who provided services, goods, or credit.
No, the portion of the property owned by either is an asset available to creditors of that person. The court can force a sale and distribute the funds to the owners according to their ownership percentages.
In the majority of states a creditor or collector can go to the residence of the debtor. However, the debtor or owner/renter of the residence can request that the person leave and not return. If said person does not comply, the residential owner/renter can enlist the assistance of the local police to have he or she removed from the property.
No, ALL Social Security benefits are protected by both federal and state laws and are totally exempt from creditor actions. A creditor has other options than garnishment, if the person owns real property, although for most seniors any property will likely be protected under state laws.
No. A benefit of owning property by survivorship is that the moment one owner dies their interest in the property disappears and the survivor is the sole owner. The creditor is out of luck.
Maybe. It depends on what sort of property is in question, how that property is held by more then one individual, if the person(s) are married and if so whether or not they reside in a community property state. In CP states all property belonging to a married debtor can be seized even though only one spouse is the named debtor. In non CP states where only one spouse is the debtor joint property such as bank accounts can usually be protected from creditor judgments. When it relates to property jointly owned by a individuals who are not married the issue is more complexed.
A person who is owed money is called a creditor.