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What happens when a charged off account is bought out by an attorney and taken to court?

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βˆ™ 2006-08-08 18:48:29

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The debtor is served a civil summons to appear the lawsuit hearing. If the debtor does not appear he or she loses the case by default and a judgment is entered in favor of the plaintiff 9creditor). If the debtor does appear and loses the case which is the normal scenario, a judgment is still entered in favor of the creditor. The creditor can then use the judgment to garnish wages or take action against other real and/or personal propety belonging to the debtor.

2006-08-08 18:48:29
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