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Judgment against you and now you are trying to contact the company who sued you so you can settle the debt but now you come to find out they went out of business Is there anything you can do?
Wiki User
∙ 12y ago
You could see who - if any - took responsibility for the unfinished business of the now defunct company. The States Attorney's office should have that information. For all practical purposes, you are unlikely to be compelled to pay, though may have the credit ding on your report forever.
Additional: It may also depend greatly on just HOW the company went out of business. If they went bankrupt and the judgment award against you shows on their books as an account receivable, the bankruptcy court will make you honor your judgment to the bankrupt company's creditors.
Wiki User
∙ 12y ago
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Can an auto insurance company file a lien against your home for auto damages?
Yes--but only if they have a court judgment against you. In that case, they would have what is called a judgment lien.
What is proof can i use for a title company that a judgment has been paid?
A letter from the collection company or creditor who reported it or a lien release form if the judgment was placed in lien against property.
Can a credit card company put a lien against you?
A lien cannot be placed against an individual in reality. However, a judgment creditor such as a credit card company can place a lien against real property owned by a judgment debtor. The judgment creditor can take other steps as well to collect the debt, an example would be income garnishment.
Can personal property be levied when a judgment is placed against you for credit card deliquency?
Answer: If your credit card company obtains a judgment against you they may take any property of value that they can find.
Can a credit card company put a lien against your property in North Carolina?
Yes, if they file suit and receive a judgment the creditor can execute the judgment as a lien against the debtor's property.
In the state of Tennessee if you have judgment from the courts and they ask a company for an employee to has his checks garnish and the company refuses to answer or garnish wages what are your rights?
You can take the company to court and have the court submit a judgment against the company. You can actually obtain your money from the company that refuses to submit the Garnishee Answer.
BF won a judgment against you for a collection The collection company has garnished your checking account you cannot pay bills or anything your account is frozen This is causing you a financial hard?
Sounds like Karma to me.....
Can a credit card company put lien on your property in California?
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.
Can a credit card company file a judgment lien against your house if there is no equity in the property?
Yes.
What computer company won a judgment in a copyright case against clone-maker Psystar?
Apple.
If a business has a judgment against them can they take money from payroll?
Huh? Take money from what...one obligation to pay another? It is their obligation to pay the judgment AND to pay employees (and rent, and insurance, and utilities, etc). It is not the employees responsibility, nor the landlords, nor the insurance company, nor the utility.
What is a judgment in personal finance?
When a person is taken to civil court (for example, a credit card company suing a cardholder to get paid back), the court makes a judgment for or against the plaintiff (entity initiating the lawsuit, in this example, the credit card company). If the judgment is for the plaintiff, the result is effectively a judgment against the defendant (the person taken to court in the example). Part of the judgment is the amount that is to be paid to the entity winning the court case (judgment). Judgements against a borrower (and the amount set to be paid by that borrower) will make their way onto the credit report and will cause a drop in credit score.
