Default judgement entered, now what happens?
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Posted by wishiwasalaywernow
(64.252.142.162) on January 25, 2004 at 11:59:27:
Good Morning, I was sued for a credit card debt in the sum of just over $10,000. I failed to file an answer and plaintiff filed a motion for default. I just got a notice from court that motion has been granted (judge by the clerk). I live in Connecticut and debt is just less than 6 years old. I have some questions regarding what happens now: 1. First of all, do I have any negotiating power at this point? Do I have to pay the exact sum of debt or can I still negotiate a lower (maybe lump sum) payment? If so, where do these negotiations take place? Is the court involved in this? 2. Plaintiff is asking for interest on unpaid debt, but is not specifying an amount. My last credit card statement had 21.4% as the APR and debt is almost 6 years old. Can I expect them demanding some outrageous interest amount or is there some law driving this interest?
3. What is a ball park figure for "reasonable attorney fees"? 4. Can I expect my bank accounts to be frozen now? 5. Does the plaintiff have the ability to find out how much funds there are in my bank account? 6. What are the technicalities for executing this judgement? I mean, how do they generally collect, do you have to pay everything at once, etc. yep, i wish i was a lawyer now :)
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