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What happens if you are unemployed and you return to work with a default judgment for credit card debt unresolved?
Wiki User
∙ 12y ago
The creditor can haul you into court to garnish or attach your wages to satisfy the judgment, unless you earn too little under your state law to garnish.
Generally speaking, your assets, (current and future), as well as your income (current and future) can and will be subject to seizure (termed garnishment when wages) to satisfy the debt they got a judgment for. Obviously, they can (and as it is their business, very good at) using all legal methods to enforce the right, or compel you to pay...(of which there are many).
You will be entirely responsible for any costs they incur to enforce and collect the full amount of the debt, interest, penalties, legal fees, etc. too. So a small debt for something you bought can grow very large, very quickly. Of course, they may just sell the right to collect to a third party, but the result is the same.
And while you may feel you simply don't have anything to take (or even a wage they can garnish)...a judgment stays in force for 20 years (and can easily be renewed)...so you better want to be poor, have nothing and be worth nothing for a verylong time! It isn't unheard of for some collection agency to find you have an outstanding judgment from years ago...now that they see you have something...(a car, a house, a lottery winning...anything) and get their fee by collecting it with all the back interest.
Your best served by paying, and if you really can't, contact them to work out a plan to do so you can live with.
Well, judgments may be valid for 10 or 20 years. I've never heard of a state that allows a 20-year judgment to be renewed, but I suppose it's possible. 10 year judgments are renewable for an additional 10 years, as a rule. I find it peculiar that the "improved" answer - which went far beyond what was asked - failed to mention filing bankruptcy, which will eliminate all those added fees, interest and charges after filing, treat all creditors in the same class equally, and takes the choice of settling away from the creditor.
Wiki User
∙ 12y ago
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In the state of Texas what happens after a default judgment?
A default judgment is nothing more than a judgment obtained because defendant did not show up for court. In Texas, when a default judgment is entered, the petitioner gets all that they have asked for.
What happens if there is a default final judgment against you in Florida?
Jail
What happens to a corporation when it doesn't answer a complaint and is in default?
The plaintiff will likely present a default judgment to the court, which the court will sign, granting the plaintiff everything requested in the complaint.
What happens if you are summoned to court for a collection debt and you are on disability if you don't show up?
If you don't show up, regardless of your situation, the judgment will be awarded to the plaintiff as a default judgment and you will have to pay the judgment amount.
Can they get judgment without you knowing if was filed?
Yes, it happens all of the time, it is called a default judgment. If this has happened to you, call the clerk of the court in your area and ask the procedures and SOL for filing a motion to vacate the judgment due to an error in service.
What happens if a person lives out of country and is being sued by collection agency Does collection still get default judgment even if he didn't get the court apparence letter?
Yes
How can you get a divorce if your spouse refuses to sign the divorce papers in Louisiana?
If you serve your spouse and he/she refuses to sign, you may be able to win your divorce by default. Divorce by default happens when the person served fails to respond to the legal documents.
What happens if you default on a payday loan in Georgia?
Payday loans are considered illegal in the state of Georgia. However, if you default on a payday loan, the company can sue you in court. The judge will decide how a judgment will be carried out if the loan was given in Georgia illegally.
What happens if a landlord takes a tenant to court and the landlord does not show up?
The landlord will win by a default judgment. In some states, such as California, you must still present your case to the judge even though the tenant did not show up. In other states, such as Nevada, if the tenant does not show up you are awarded a default judgment and do not speak with the judge at all.
What happens when you are in default on leased good and a you are summons to a magistrate court and you dont respond?
Generally, the party who brought a court action against you will win by default and obtain a judgment lien against you. Generally, if you don't show up in court to defend yourself against a claim filed by someone else, you will lose by default.
What happens after a case is disposed by default?
Default is often used to refer to the non-appearance of the defendant within the time prescribed by law to defend himself.It also signifies the non-appearance of the plaintiff in order to prosecute his claim.In such cases, a judgment will automatically be rendered in favor of the non-defaulting party, which is called a "default judgment".It is possible that the case could be appealed by the defaulting party but it is doubtful that a re-trying of the case would be granted.
What happens when a landlord has a counterclaim against them and don't show up for docket call?
Landlord doesn't show? Case dismissed. If the Landlord is a Defendant and doesn't show: default judgment against them.
