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The most serious would be a lawsuit against the debtor for the amoun that is owed. If the plaintiff/creditor wins the suit a judgment is entered against the plaintiff for the full amount of the debt. Judgments can be executed in several ways the preferred methods being wage garnishment or bank account levy. Property belonging to the debtor that is not exempted under the laws of the state can be seized and sold for the "fair market value, bonds, stocks, etc. are also subject to liquidation. In addition, in most cases liens can be place against real property owned by the debtor, but forced sale of a primary residence is not usually possible, as it can usually be protected by the state's homestead exemption.
What else can I help you with?
Can a company repossess tires?
It's highly unlikely, as it simply wouldn't be worth it. They can threaten legal action and damage your credit record though.
Is it legal for a company to put you on an action improvement plan earlier then the company norm because you are pregnant?
It is not legal for a company to take any action against you because you are pregnant.
Is it legal for a company to keep your credit card on file?
Yes, it is legal for a company to keep your credit card on file as long as they have your permission to do so and comply with relevant data protection laws.
Can a credit card company take you to court and garnish your check if you do not make arrangements to settle your account?
A credit card company can refuse your offer of settlement and proceed with legal action. They must win their court case and have a judgment declared against you before your wages or bank account can be garnished.
What should I do if someone infringes upon my registered wordmark?
Seek legal advice immediately to enforce your rights and take appropriate legal action against the infringing party.
Does a company credit when the company is the accounts payable and the card was issued by the company for business expenses affect your personal credit score?
If none of your legal information is attached to the card (SSN for example) then the answer is No it will not affect your presonal credit score.
What is the legal principle known as the Full Faith and Credit Clause, which states that states must give full faith and credit to the laws of other states?
The Full Faith and Credit Clause is a legal principle in the U.S. Constitution that requires states to recognize and enforce the laws and judicial decisions of other states.
Can the lowest bidder take legal action for not being awarded the contract?
In most cases they have no recourse. The board or committee deciding can take other things in to consideration such as the reputation of the company, their credit rating and references.
Where can one find legal credit repair?
Lexington Law is a leading credit repair law firm. It offers you help to take action and repair your credit. To date, he has provided help to his clients to eliminate millions of collections, late payments, amortizations, liens, bankruptcies and more from their reports. If you need to save on legal services, go to the following link: //n9.cl/ lw3b6 (remove the spaces and put it in the search engine). I hope I have been able to help you. Luck
Can the lowest bidder take legal action for not being awarded the contract discuss?
In most cases they have no recourse. The board or committee deciding can take other things in to consideration such as the reputation of the company, their credit rating and references.
What are the consequences of engaging in credit kiting?
Engaging in credit kiting can lead to serious consequences such as financial penalties, legal action, damage to credit score, and potential criminal charges for fraud.
What is the legal right to receive cash from a credit sale and represents an asset of the company?
account receivable
