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What happens once a decision has been rendered against you for a credit card debt in court?
Wiki User
∙ 19y ago
The creditor will file a writ of judgment. The time the defendent has to respond depends upon state law. After the judgment has been granted it can be enforced in a variety of ways. Garnishment of wages or bank accounts. Liens against real property, liquidation of assets such as stocks, bonds. Each state has exemptions the debtor is entitled to claim. The homestead exemption being the most important to a homeowner. The exemptions allowed in bankruptcy are the same for a lawsuit judgment. In addition there are Federal non-bankruptcy exemptions that can be used. You can find out which of your state's exemptions apply in your situation by searching (name of state) bankruptcy exemptions. Please feel free to e-mail me if I can be of help.
Wiki User
∙ 19y ago
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What happens if there is a judgment against you for credit card debt in Louisiana?
court government
What happens if you don't pay your car loan?
The repossess the car, can get a judgment against you and your credit is badly damaged.
Is the actual decision to grant credit is made by a credit bureau?
No
What is money received?
Money received can be income, payment for services rendered, credit towards a debt, etc.
What happens if you max your credit cards out then don't pay?
If you max your credit cards out and then don't pay, the companies may take legal action against you. They can sue you and attach your bank accounts to recover their money.
What happens if there is a judgment against you for credit card debt in Louisiana?
court government
What is the effect on income when service is rendered on credit?
Income from services rendered account will decrease and debtors account will increase
What happens if you use a fake SSN for a credit card?
That is fraud and against the law. You will be arrested.
When payment is received for services not yet rendered no entry is recorded until that service has been rendered?
When payment received without services: Debit Cash / bank Credit Unearned revenue When services rendered: Debit Unearned Revenue Credit Services revenue
What happens if you don't pay your car loan?
The repossess the car, can get a judgment against you and your credit is badly damaged.
Is the actual decision to grant credit is made by a credit bureau?
No
Is unearned comission recorded in credit?
Services for which u have been paid but have not yet been rendered.
What entries are recorded in the adjustment column a insurance write off B payments received C services rendered D credit balances?
This question is easy to answer. The services rendered is the answer to this question.
Which websites offer information on instant decision credit cards?
There are many websites that offer information on instant decision credit cards such as, Uswitch, and there are other credit card comparison websites.
What is money received?
Money received can be income, payment for services rendered, credit towards a debt, etc.
How do you record an accounting entry services rendered on cash?
[Debit] Cash account [Credit] Services revenue
What happens if you max your credit cards out then don't pay?
If you max your credit cards out and then don't pay, the companies may take legal action against you. They can sue you and attach your bank accounts to recover their money.
