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If the plaintiff wins the lawsuit they are awarded a judgment. A judgment can be used to garnish the debtor's wages or levy bank accounts, place liens against real property owned by the debtor and other actions depending upon the laws of the state in which the debtor lives. In certain situations a judgment lien holder can petition for a forced sale of real property owned by a debtor. Although the forced sale of a primary residence is difficult and judgment creditors seldom take the action, it is in the majority of US states a possibility.
What else can I help you with?
What should you do if you are sued by a collections agency?
Pay what you owe
Can you be sued for a foreclosure deficit?
Yes you can be sued for the difference or the lender can issue you a 1099 for the amount still owed then you will owe taxes on the difference
How do you stop contractor from trying to put lien on house?
Pay the full amount that you owe.Pay the full amount that you owe.Pay the full amount that you owe.Pay the full amount that you owe.
Can a bank take you to court if you owe money?
Yes, you can be sued if you owe money.
If you sell a car and you owe the creditor do you have to pay them the amount the car was sold for?
If you sell a car you owe a creditor a balance on, you pay the creditor the amount you owe him in order to get the title to the vehicle to turn over to your buyer. Anything over the balance owed to the creditor is yours to keep, assuming you sold it for more than you owed on it. If you sold it for less than you owe on it you will have to pay the additional amount out of your pocket to get the title.
How much money should you pay a year for federal taxes?
You should always pay the full amount that you owe. The amount you owe will depend on how much money you make, your family size, deductions, etc. There is no rule of thumb.
If you have a credit card with a 1000 limit. You plan to always pay your card off in full each month. What is the amount you can safely owe on your card?
The only 'safe' amount to owe - is whatever you can afford to pay off each month !
Is it possible to get sued if you and a friend did a contract that both of you will pay an amount but she did not ended up paying?
yess
How much do i owe in taxes if i made 20000 for the year?
The amount of taxes you will owe if you made $20,000 will depend on your deductions. On average, expect to pay about 20 percent of your pay in federal taxes.
Can you trade in a '03 motorcycle that you still owe money on?
Yes, the amount of money that you owe on the motorcycle will be added on to the amount you are borrowing on whatever vehicle you are buying. They will then pay off the title since you owe that money anyhow for the new vehicle.
How can I determine if I owe taxes from my W2 form?
To determine if you owe taxes based on your W-2 form, compare the total amount of taxes withheld from your wages to the amount of tax you owe based on your income. If the withheld amount is less than what you owe, you may need to pay additional taxes. If the withheld amount is more, you may be eligible for a tax refund.
Can you be held liable for a cell phone bill in small claims court that isn't even in your name?
Yes, Tash, you can. Now please pay me what you owe me, or get sued. Your choice.
