The courts can if the debt wasnt repaid, the only way out is to setle or go bankrupt.
Yes a lender can garnish your wages after a repossession. If the resell value of the item does not cover the cost needed to repay the lender, you are still responsible for paying the balance.
The lender may garnish your wages for a judgment against a debt in Illinois, even after repossession.
IF they have a JUDGEMENT for the balance due, they can garnishee your wages. Income taxes?? NO
Any lender has to get a judgment before they can garnishee anyones wages.Then the debtor has to have wages before any lender can garnishee them. It is up to the lender whether or not they go that route in the collection process.
A lender can't garnish wages; that has to be done by court order. That can be accomplished, but usually only after the lender has made the cosigner responsible for the debt and failed to collect. After all, that's the responsibility of being the cosigner -- to provide payment should the primary borrower fail to pay.
Yes, in if you get a foreclosure against you in Indiana, they can definitely garnish your wages. However, they can only garnish wages if it is ordered by the court.
Yes.
Yes a lender can garnish your wages after a repossession. If the resell value of the item does not cover the cost needed to repay the lender, you are still responsible for paying the balance.
The lender may garnish your wages for a judgment against a debt in Illinois, even after repossession.
25%
In Michigan, deficiency judgments can be used to garnish wages if a lender obtains a court order allowing them to do so. This means that if there is a foreclosure or repossession, and the sale of the property or asset does not cover the full amount owed, the lender can pursue a deficiency judgment to collect the remaining debt, including through wage garnishment.
IF they have a JUDGEMENT for the balance due, they can garnishee your wages. Income taxes?? NO
Any lender has to get a judgment before they can garnishee anyones wages.Then the debtor has to have wages before any lender can garnishee them. It is up to the lender whether or not they go that route in the collection process.
Probably. Any debt you owe, if unpaid for a period, can result in garnishment of your wages.
Yes, after due process is followed in accordance with the laws of the state.
If they were not part of the foreclosure deal, meaning that they didn't sign off on the short sale, then the loan is still outstanding. I suppose you didn't make the requested payments, so they are following up by garnishing your wages for payment. Check in with a real estate attorney, but you probably have a choice between paying up or having your wages garnished.
A lender can't garnish wages; that has to be done by court order. That can be accomplished, but usually only after the lender has made the cosigner responsible for the debt and failed to collect. After all, that's the responsibility of being the cosigner -- to provide payment should the primary borrower fail to pay.