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Yes, under Texas law, oil royalties can be seized to satisfy a judgment. If a judgment creditor obtains a court order, they may pursue the debtor's oil and gas royalties as part of the enforcement of the judgment. However, certain protections and exemptions may apply, depending on the circumstances and the specific nature of the royalties. It is advisable for creditors to seek legal counsel to navigate the complexities of such seizures.
What else can I help you with?
Could a joint bank account be seized for a judgment against only one spouse in the state of Texas?
Yes.
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 a joint property be seized for a judgment against only one spouse in the state of Texas Even though spouce signged quit claim deed before judgment?
In Texas, a joint property can still be seized for a judgment against one spouse, even if the other spouse signed a quit claim deed before the judgment. This is because Texas is a community property state, and joint assets are generally considered to be owned equally by both spouses regardless of individual financial obligations or actions such as signing a quit claim deed.
Can wages be garnished for a repossession in Texas?
Texas law only allows wage garnishment when the judgment creditor does not have other means for collecting the debt owed. If the debtor has a bank account or non exempt property that can be levied, seized or a lien placed by a judgment, wage garnishment is not allowed.
Can attorney place levy on bank account from default judgment unsecured credit account in the state of Texas in which the debtor lives?
Yes, in Texas, an attorney can place a levy on a bank account as a means to enforce a default judgment on an unsecured credit account. This levy allows the attorney to collect the specified amount owed from the debtor's bank account to satisfy the judgment.
In the state of Texas what happens after a default judgment?
A default judgment is nothing more than a judgment obtained because defendant did not show up for court. In Texas, when a default judgment is entered, the petitioner gets all that they have asked for.
CAN TEXAS GARNISH WAGES FOR MEDICAL DEBT?
Texas Wage GarnishmentWages cannot be attached or garnished, except for child support.Income that is not a wage can be garnished or ordered turned over to a receiver.Bank accounts, rents and royalties can be garnished.Exemptions include social security benefits.WARNING For individuals living in Texas who are paid from an out of state location, there is case law (Baumgardner vs. Sou Pacific 177 S.W. 2d 317) to support taking a judgment from Texas, domesticating the judgment in the foreign state, then filing the wage garnishment there. Many creditors have used this strategy successfully.
Can an IRA distribution be seized for back child support in Texas?
yup
Can a checking account be attached to satisfy an award in favor of a credit card company by an arbitrator in the state of Texas?
The creditor will still have to file for a judgment in circuit court before they can take any action against nonexempt property belonging to the debtor. Bank account levy is possible in the state of Texas, wage garnishment is not.
What can a lender do in the state of Texas if my vehicle was repossed and sold and now they want me to pay the balance and I can't afford to?
They can sue you and garnish your wages, your bank accounts, your state tax return, and the court could order you to liquidate real property to satisfy the judgment.
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.
Can a payday loan company garnish with a judgment IN TEXAS?
YES!
