What property is exempt from a judgment creditor in Texas?
What can the credit card companies do if you refuse to pay a debt in Texas?
Can a collection agency garnish your wages over a defaulted private career training loan in Texas?
Texas law only allows wage garnishment by a judgment creditor if there is no other means for the creditor to collect monies owed. The state does allow a judgment creditor to levy bank accounts, seizure and sale of non exempt property or lien against real property owned by the judgment debtor. Texas law does not allow the forced sale of a primary residence to satisfy a judgment for creditor debt. Adding: Texas law doesn't allow wage garnishment except for student loans, taxes, or child support. They can levy your bank account and force the sale of non-exempt property like boats, extra vehicles, second homes, etc.
Why can't credit card collectors take you to court in Texas?
Creditors have the legal option to sue a debtor for default in financial contracts in Texas and every other U.S. state. However, Texas has a rather unusual statute which does not allow a judgment creditor to garnish the judgment debtor's wages unless there are no other options for collecting the debt. A judgment creditor can, levy a bank account, place a lien on real property, request liquidation of non exempt property, such as stocks, bonds, etc. owned by the judgment debtor.
Can wages be garnished for a repossession in Texas?
Asked in Credit and Debit Cards, Credit
Is it legal for a credit card company to garnish your wages?
Check out this URL: hklaw.com If a creditor sues the debtor and wins, the creditor/plaintiff will be awarded a writ of judgment. A judgment can be executed against any non-exempt property that belongs to the debtor/defendant. Wage garnishment is usually the first choice, there are four states that do not allow "WG" when it pertains to creditor debt; those states are North and South Carolina, Pennsylvania and Texas. A judgment can also be used to levy bank accounts, place liens on real property, and sometimes as a forced sale of real and/or personal property that is not exempt. Many States have a Head Of Household Statue which in many cases can exempt you from garnishment.
What property can a judgment creditor attach if you do not own real property or vehicles and the only money in your checking account is from regular wages?
They can garnish your wages. Texas only allows a judgment creditor to garnish wages if the creditor has no other options available to execute the judgment. A judgment creditor can levy a bank account including a joint account or a joint marital account. Regular earned income (wages) deposited into a bank account are NOT exempt from creditor seizure. The creditor may also seize and liquidate any non exempt assets belonging to the debtor (bonds, stocks, jewelry, livestock, a specified amount of tools of trade, in some cases household furnishings, etc). Texas is a community property state, therefore, it might be possible for the judgment creditor to seize joint marital property even if only one spouse is the debtor. Some income, however, cannot be attached by creditors or persons who prevail in a lawsuit. For example, disability income, Social Security income and military retirement income cannot be garnished or attached by a creditor.
Asked in Income Garnishment
What are the laws in Texas for wage garnishment?
Can your checking account in Texas be garnished due to a debt in another State?
The creditor would need to obtain a lawsuit judgment from the Texas court before wage garnishment would be allowed. Texas only allows garnishment of wages when there are no other means for a judgment creditor to collect a debt owed. If a judgment has already been entered against the debtor in a different state, the judgment creditor can place a "foreign" judgment lien against property owned by the debtor.
Asked in Income Garnishment
What percentage of wages can be garnished in Texas?
Texas does not allow wage garnishment for creditor debt unless the judgment holder has not other means of collecting monies owed. If the judgment debtor owns real property or has a bank account that is subject to levy or holds other funds, investments, etc. that can be seized and liquidated wage garnishment is not allowed. Please be advised, when wages are deposited in a bank account they are no longer considered exempt from creditor judgment, even if the account is jointly held.
In Texas can a creditor judgment for an unpaid phone bill be enforced as a wage or tax refund garnishment or a bank account levy?
A judgment creditor can levy a bank account even if it is joint. A judgment creditor can only garnish income if there is no other way to recover monies owed. A judgment creditor can place a lien against real property but cannot perfect the lien as a forced sale of a primary residence. A judgment creditor cannot seize a tax refund.
Asked in Debt Collection, Liens, Foreclosure, Texas
Can your home be taken when a judgment is filed against you in Texas?
No. A judgment creditor can place a lien against real property but a forced sale of a homestead is not possible. Texas is one of the few states that has a constitutional statute that directly forbids the forced sale of a primary residence for creditor debt. No, Texas has a specific statute which directly forbids the forced sale of a homestead for creditor judgments.
Asked in Repossession, Personal Finance, Loans, Personal and Payday Loans, Income Garnishment, Money Management
Can a loan company file a judgment in Texas?
Any creditor who is owed money and for whom the contract has not been honored by the borrower can file for a judgment in Texas and every other state of the US. Whether or not the creditor will receive that judgment is a matter up to the courts, however the judgment typically goes in favor of the creditor.
What is exempt from a judgment?
The terminology that is generally used is "judgment proof" or "execution proof". Basically it means that the debtor has not property which can be seized by creditors for repayment of debt. Or possibly the debtor resides in a state which does not allow such action to be taken; for example wage garnishment for creditor debt is not allowed in Texas, Pennsylvania, North Carolina or South Carolina.
Asked in Debt and Bankruptcy
What legal action can be taken in the state of Texas for charge off debt?
The creditor/lender can file a lawsuit in the appropriate court of the debtor's state. If the creditor wins the suit a judgment will be entered against the debtor. A judgment can be executed against the debtor's nonexempt property/assets including jointly owned marital property and assets, as Texas is a CP state. The state does not allow wage garnishment for creditor judgments but it does allow bank levy, seizure and liquidation of nonexempt property and liens against real property (a forced sale of a primary residence is not allowed). The exemptions that are allowed in bankruptcy are the same ones available to the debtor when defending property against a judgment creditor. In addition, the debtor may be able to use federal non-bankruptcy exemptions to further protect personal and real property from creditor attachment.
What can occur if you do not pay on a judgment against you for a credit card in the state of Texas?
Texas does not allow wage garnishment or the forced sale of a primary residence when it pertains to creditor judgments. The creditor can place a lien against real property or sometimes vehicles, that belong to the debtor, levy on bank accounts (even those jointly owned) or petition to have non-exempt assets seized and liquidated for the repayment of monies owed.
Asked in Repossession, Liens, California
Can a lien be placed against a house in Texas for a car that was purchased in California and then repossessed in Texas?
Yes. The creditor can sue the debtor in Texas and use a judgment award to place a lien against property belonging to the debtor. I'm not a lawyer and would encourage you to call one. But I believe the previous answer is incomplete. If you reside in Texas, and you LIVE in the home in question, a judgment award cannot really be used against that property. If they put a lien on the house, all you need to do is claim "homestead exemption" and tell the creditor to remove the lien. They are required to do that. If they refuse, you can sue them for damages. The creditor can place a lien on OTHER property that you own (i.e. not your primary residence). Or any property that you inherit.
Can a creditor garnish your wages in Texas?
Can a person's wages or bank account be garnished for credit card debt in Texas?
Will you be forced to sell your home if there is a judgment lien against the property?
The judgment holder can request the court for a forced sale of a primary residence. The action is not a simple procedure and is usually taken as a last resort for the judgment creditor to recover monies owed. In the majority of instances, the homestead exemption will protect the encumbered property from a forced sale. Also, several states (Texas being one) have laws that do not allow a judgment creditor to enforce a sale for of a primary residence.
Can you be sued in Texas and have your wages garnished?
Hi there. I am a Texas collection attorney. You can have your wages garnished in Texas ONLY for child or spousal support. That's what the Texas Constitution says. So if you are not being sued for child or spousal support, your wages cannot be garnished to satisfy a judgment. Hope this helps. Good luck. Although Texas does have a statute that prevents wage garnishment by a judgment creditor there is an exception if no other method is available for the creditor to execute said judgment. This means that if the judgment debtor does not have personal or real property (bank account, real estate, etc.) that can be attached or liquidated to satisfy the judgment amount wage garnishment is possible.
Asked in Credit and Debit Cards, Credit
What does a credit card judgment mean?
The creditor has won a lawsuit judgment against the debtor(s) and can execute the judgment against any nonexempt property belonging to the debtor(s). The preferred method of judgment execution is wage garnishment followed by bank account levy, or seizure and sale of nonexempt property or a lien against real property. North Carolina, South Carolina, Pennsylvania and Texas do not allow wage garnishment for creditor debt. The exception is Texas where the court can grant wage garnishment if the debtor has no other property for which the judgment can be executed against. Married couples living in community property states are both usually responsible for debts incurred during the marriage regardless of which spouse is the account holder or borrower.
What is Texas law about senior citizens that cannot pay credit cards?
Senior citizens are not immune to collectors nor lawsuits by creditors simply due to their age. All SS benefits are exempt from garnishment by judgment creditors as are military and government pensions and in most cases private pensions. Real and personal property exemptions (those things which a judgment creditor cannot seize) apply to all persons regardless of their age. The exemptions allowed under the bankruptcy laws are those that are used to protect property from judgment creditor action. The Fair Debt Practice Collection Act gives judgment debtors specific rights concerning collection procedures. Texas law allows liens on real property by judgment creditors it does not allow the forced sale of a primary residence. (The judgment debtor must have a homestead declaration on file with the county assessor/land office).
Asked in Credit and Debit Cards, Civil Lawsuits, Credit
What will happen if you do not show up for court when being sued by collection agency or credit card company in the state of Texas?
Asked in Law & Legal Issues, Credit and Debit Cards, Student Loans and Financial Aid, Income Garnishment
How many garnishments can one person have at a time?
Wage garnishments cannot run concurrently, each garnishment judgment must be satisfied before another can be enforced. Creditors however have other options for executing judgments, therefore if a wage garnishment order is active, a different creditor holding a judgment can use it for bank account levy, seizure and sale of non-exempt property and liens against real property belonging to the debtor(s). Texas, Pennsylvania, N.Carolina and S.Carolina do not allow wage garnishment for creditor debt. All wage garnishment for creditor debt only can be appealed by the debtor if he or she so chooses by using a "hardship" defense.
Can a debtor's wages or bank account be garnished for credit card debt.?
Yes. In any state, a credit grantor may garnish wages, but only after receiving a judgment in their favor from the court. In other words, they'd have to sue you, win and be granted an order for the garnishment. * Texas only allows wage garnishment if there is no other method for the creditor to execute the judgment. For example if the debtor does not have a bank account that can be levied, other non exempt property that can be seized and sold or real property for which a lien can be placed.