Re: Default judgement entered, now what happens?

Posted by J Kelly (151.197.26.193) on January 25, 2004 at 12:16:41:

In Reply to: Default judgement entered, now what happens? posted by wishiwasalaywernow on January 25, 2004 at 11:59:27:

Hi, what happens now depends on your income and assets. In some states they can garnish, but that is limited to (I think) 25%.
They can compell you to give tell them what assets you have. There are exemptions (things they can't touch) I will give you a link to exemptions, this is a bankrupcy site, but the same applies to a judgement. Take a look at the exemptions, and figure out what they can take. I WOULD SUGGEST TAKING MOST OF YOUR MONEY OUT OF THE BANK. THEY HAVE A JUDGEMENT AND CAN NOW TAKE YOUR MONEY. http://www.bankruptcyaction.com/bankruptcyexemptions.htm Good Luck

Follow Ups:

Post a Followup