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Is it legal to sell your home before the creditors get a judgment against you you plan to disburse what is not commission and what is not your co-owners equity among them even though it is not enough.?
Zoeewee
It is absolutely legal to sell your house before a judgment is handed down even if you're in the middle of a trial and judgment is imminent. If this is your only source of funds to pay the creditors, you should consider writing to all of them, telling them you have a certain amount of money to pay all of them and offer each a pro-rata portion of the money you expect to get. Once they see that the real estate will be gone and there will be nothing for the judgment lien to attach to, they might come around and accept the smaller payments. But be sure that any acceptance of less than the full amount is as payment in full of the debt. You don't want to give money away only to have a creditor sue you for the balance.
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You have court papers ordering a person and their business to pay you the money you have loaned to them IF this person files bankruptcy can they claim the amount that they owe you?
Yes...and depending on many things, like what else they owe to who, and what this judgment is for, will determine if and how much you get paid.
Can creditors garnish your wages or take your house in California?
Yes. California allows income garnishment by judgment creditors. The law also allows a judgment creditor to place a lien on real property owned by the judgment debtor. Generally the homestead exemption will protect a primary residence from a forced sale for debt owed. Judgment creditors rarely request a forced sale of a primary residence because it is a complicated and lengthy process and is seldom profitable enough for implementation.
What assets are protected against a judgment in a wrongful death civil suit?
Each state has different laws on what assets can be protected from judgment creditors.
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Yes, after a judgment has been granted against you
Can creditors garnish wages in Florida?
Yes, Florida allows wage garnishment by a judgment creditor.
Can a creditor garnish wages in the State of Delaware?
Yes, the state allows wage garnishment by judgment creditors.
Can a creditor get a judgment and freeze your bank account in South Carolina?
A creditor can get a judgment and freeze your bank account in South Carolina, but typically creditors only do this if you owe them a very large amount of money. The cost to do this usually means it's not worthwhile for creditors to pursue this type of action.
Can they take your house in North Carolina for not paying credit cards?
If your sued and your creditors receive a judgment they can put a lien on your property.
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Yes. However, part of the legal name change procedure involves notifying all creditors and judgment holders of your new name.
Can a garnishment include bonuses and commission?
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Can a collection agency take your Social Security Disability identifiable money out of your account?
No. All SS benefits are exempt from judgment creditors.
In New Jersey what assets are protected from a judgment?
Generally, in NJ, almost any assets can be used to satisfy a judgment. Some states provide for a "homestead exemption" which prevents a home (if the debtor lives there) from being taken by creditors, or at least prevents the owners from being evicted by the creditors, even if other assets are insufficient to cover the judgment. However, New Jersey has no such exemption. There is, however, an order that creditors must follow in going after a debtor's assets. First, they have to go after cash, then personal property. If both of those are insufficient to cover the judgment, then they can go after real property. NJ does, however, provide for an exemption of up to $1,000 in personal property.
