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The lender can take no actions until they have a judgment against you.

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โˆ™ 2011-09-12 21:27:32
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Q: If one of two signatory debtors has made payment arrangements can the creditor garnish attach or do anything of that nature to the non paying debtor?
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Related questions

If creditor received a judgment and you make arrangements to pay the bill can the creditor still repo your car?

"debtors" can never repo cars, LENDERS can, even after you make 'arrangements". As long as you are in "default", they can repo.

What are debtors?

A debtor is any person, or entity, with outstanding loans owed to a creditor.

What is the definition of debtors and creditors?

Debtors are people who owe money to creditors. Creditors are people who are owed money by debtors. For example, the bank is a creditor allowing people to take out loans and the people taking out the loans are the debtors.

What kind of education do you need in order to become a creditor?

None. You only money to loan to debtors.

When does a debtors account have a credit balance?

goods in transit a debtor(customer) could also be a supplier(creditor)

How soon can the creditor garnish the debtors wages after the judgement has been made in court?

within 90 days

What is a possessory lien?

A possessory lien is the right of the creditor to retain possession of his debtors property until his debt has been satisfied.

What is debtors?

A debtor is any person, or entity, with loans owed to a creditor. It is not a crime to fail to pay a debt. Except in certain bankruptcy situations.

Can a country have two set of interest rate one for commercial lending and the other for personal lending and mortgage?

An entity (country, corporation, individual creditor) can lend at rate n1 to certain debtors and at rate n2 to certain other debtors.

Can a lien be placed against jtwrs property when only one of the owners has a judgment?

The interest of a co-owner can be attached by a creditor. That creditor can then petition the court to partition the land if the debt isn't paid and the debtors interest could be sold.

What is sundry debtor and sundry creditor?

If we provide some services to the vendors they are paying for our services therefore the person who are paying us becomes our sundry debtors.

Does Australia have prisons for debtors?

You cannot go to prison for being in debt in Australia, however you can go to prison for fraud. Fraud must be proven in a court of law by a creditor who writes the suit, which is no easy thing to do. Short answer = No. Australia does not send debtors to jail.

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