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WHAT CAN BE TAKEN IN JUDGEMENT IN Texas?
A:
Depending on what type of judgment, there isn't much of anything that can be taken. For instance in a county law suite regarding credit card debt (an unsecured debt), a judgment will last for 10 years and could possibly be renewed for another 10 years.
That being said, no one can take your home, no one can garnish your wages, and it is rare that a bank account is garnished. Its been said that people bank in other states for protection.
If you own a home a lien could be attached and/or if you decide to sell during which a judgment is in play, the title company will do a title search. When the judgment appears in your records, you will need to satisfy that judgment before the house can be sold. The title company may be able to help settle the judgment from the gains of the sale. If you don't plan to sell you home, then this may just be moot.
Seems that Texas must be a consumer friendly state.
This is not to be construed at legal advice; this information is for educational purposes only. If you need legal assistance you'll want to consult a licensed consumer advocate lawyer.
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∙ 13y 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.
Can a payday loan company garnish with a judgment IN TEXAS?
YES!
Can a person's wages or bank account be garnished for credit card debt in Texas?
The creditor would need to obtain a lawsuit judgment from the Texas court before wage garnishment would be allowed. Texas only allows garnishment of wages when there are no other means for a judgment creditor to collect a debt owed. If a judgment has already been entered against the debtor in a different state, the judgment creditor can place a "foreign" judgment lien against property owned by the debtor.
What are the laws in Texas for wage garnishment?
Texas only allows wage garnishment if there is no other manner in which the judgment creditor can execute the judgment (bank levy, seizure and sale of unexempt property, lien against real property owned by the judgment debtor).
Can a judge in Ohio order your bank in Texas to levy your account?
Under the full faith and credit law the judgment creditor (holder) can obtain an exemplified copy of the judgment from the clerk of the court in the district where the judgment was awarded.The judgment holder then sends the document(s) to the clerk of the court's office in the county/city and state where the judgment debtor resides. The judgment will then be executed in the manner stated, (garnishment, lien, bank account levy, etc.).Texas does allow bank account levies by judgment creditors. Therefore, a Texas magistrate will sign the "foreign" judgment and canorder it enforced as a bank account levy.
Can a loan company file a judgment in Texas?
Any creditor who is owed money and for whom the contract has not been honored by the borrower can file for a judgment in Texas and every other state of the US. Whether or not the creditor will receive that judgment is a matter up to the courts, however the judgment typically goes in favor of the creditor.
How long does a judgment stay on Texas credit report?
how long does personal judgement stay on credit in texas
Why won't the credit bureau remove a realized judgment in Texas?
55.6 INR
What event reversed the judgment Coronado made about the value of Texas to Spain?
amongus
When a home is foreclosed on in Florida can the borrower's wages be garnished for any sale deficit if the borrower is living in Texas?
Texas allows wage garnishment by the judgment creditor if there are no other means of the judgment holder collecting the monies that are duly owed.
How long will a judgment in Texas that was filed in 2003 stay on your credit report?
I am not familiar with Texas law. The federal statute of limitations is 7 years from the date the judgment was rendered, unless there is a state law that superceeds this statute. Then it would be "whichever is longer".
Can a judgment be taken from your 401K account in Texas if that is all you have?
Generally speaking, 401k's are protected from judgements.
