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States establish the type and amount of real and personal property belonging to the debtor that can be attached by creditor judgment. In most states a judgment can be executed as a wage garnishment or bank account levy or lien against real property or seizure and liquidation of non exempt property belonging to the debtor.

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Q: What happens when a collection becomes a judgment?
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Related questions

Can a collection agency put a judgment on your credit?

== == Yes they can. Happens all the time.


What happens if you don't pay a deficiency judgment on a car?

Then the lender can proceed collection efforts, which can lead up to a lawsuit, a judgment, wage garnishment, or lien on your property.


What happens if a person lives out of country and is being sued by collection agency Does collection still get default judgment even if he didn't get the court apparence letter?

Yes


How do you reverse a judgment from a collection agency?

If you have a judgment from a collection agency and it is valid, you have to pay it to have it reversed. If it is not valid you can try to appeal it.


How does a credit card collector earn a judgment in their favor?

They go before a judge and explain how the payment for that credit card was not made and what is owed including collection costs. The cost of judgment is then added to the total and that becomes the collectors judgment. That stays on your credit report for a long time so avoid!


What happens after a judgment is entered against you in small claims regarding a rental property?

The prevailing party (judgment creditor) may collect on the judgment. You may be summoned to court to tell about your assets, garnishment may be started, or other lawful means of collection may be used, at the judgment creditor's discretion.


What happens when a transcript judgment is filed for unpaid HOA fees?

Your answer depends on where the judgement was filed. That authority will give you the answer you seek.


How do you satisfy an unsatisfied judgment after another collection agency bought the account from the first collection agency that originated the judgment?

you "satisfy" a judgment by paying balance in full or settlement. but understand that once a judgment has been issued by a court then there can be no one else that does this.


What is the suffix for a collection of?

The suffix for a collection of objects is "-tion" or "-sion." For example, "collection" becomes "collection" for a group of collections, and "organization" becomes "organization" for a group of organizations.


How do you enforce a money judgment on real estate?

you file for collection.


When is a divorce finalized in the state of California from the time the first person served the other or when the other one contests it?

Neither is correct. A divorce becomes final after the judgment of divorce is signed by the judge.Neither is correct. A divorce becomes final after the judgment of divorce is signed by the judge.Neither is correct. A divorce becomes final after the judgment of divorce is signed by the judge.Neither is correct. A divorce becomes final after the judgment of divorce is signed by the judge.


How many years can a collection agency try and collect on a old medical bill in Washington state?

The time limit for collection of all debts in every state is regulated by federal law. States laws may modify how a debt can be collected, or the manners of collection that can be enlisted, however no state can extend the limit. That limit is seven years after the date of last payment. If the debt has been adjudicated, that is a judgment has been granted, the limit becomes ten years from the date of judgment or last payment, which ever of the two is later. The means of recovery after judgment also increase.