Home
Public Forum
Credit Reports
Apply For Cards
Credit Directory
Credit Overview
Credit Problems
Credit News
International
Credit Glossary
Purchase Books
Credit Laws
Business Credit
Merchant Accts
   

Re: HOW WILL THEY GET IT !!!!!!!!!


[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]

Posted by Parry (67.5.178.39) on January 31, 2004 at 12:11:08:

In Reply to: HOW WILL THEY GET IT !!!!!!!!! posted by HOW WILL THEY GET IT!!!!!!!!! on January 31, 2004 at 06:43:23:

Your home is safe. Homestead exemption:
Connecticut:

A judgment debtor generally is entitled to a homestead exemption, up to the market value of seventy-five thousand dollars ($75,000.00), of the real property occupied by him and his dependents as a residence, less the amount of any statutory or consensual lien which encumbers it. (Section 352b(t).)

But, after judgment they can still place a lien on your home. If you ever want to sell the house or refinance it--it will have to be paid off before a loan or sale will go through.

They can also seize your bank account entirely. A wage garnishment will be 25% of wages.

Consider Chapter XIII (Wage Earner Plan).





Follow Ups:



Post a Followup

Name:
E-Mail:

Subject:

Comments:

Optional Link URL:
Link Title:


[ Follow Ups ]   [ Post Followup ]   [ Credit Forum Index ]

 

    Top Of Page

  

Copyright © 1999-2004 Enkephalos Web Design