If a creditor successfully sues you in court and gets a money judgment against you, it will likely look for your assets and property. Once it finds your property, it can take steps to try to collect its judgment from that property. For example, it could record a lien against your home, levy funds in
Today I discovered that a creditor has frozen my bank account. I'm barely earning any money right now, and with three kids I can't afford to lose any of these savings. Is this legal? The creditor does have a court judgment against me.
There are two primary ways that federal law can protect you from dealing with telephone calls from creditors and bill collectors at your job. You do have a right to be free from debt collection calls at work, but how you exercise that right depends on who is calling you—the debt collector or the creditor.
Question How long does a creditor have to collect on a judgment against me? Answer That depends on the laws of your state, and the method that the creditor uses to try and collect on that judgment. Usually, judgments are valid for several years before they expire or “lapse.” In some states, a judgment
If you are behind in child support and your state child support enforcement office collects your payments from you, the IRS will take your tax refund to cover the arrears (often called a tax refund seizure).