Recent Posts in Judgments Category

  • Avoiding Judicial Liens

    When you are preparing to file bankruptcy, it is best to discuss with your bankruptcy attorney whether you have any judicial liens against your property. These liens, even if the debt is included in your bankruptcy and discharged, can survive the bankruptcy and stay levied against your home. A judicial lien is secured through a legal process of securing a memorandum of judgment. It can be for ...
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  • Wage Garnishments and Lawsuits

    Most of the time, there's a stage prior to filing bankrutpcy that can adequately described as "preparing for bankruptcy." This usually involves gathering the necessary documents, fees, and other information to hand over to your bankruptcy attorney to begin the process of filing. This is a process that can take some time and is usually up to the prospective debtor as to how fast they'd like to ...
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  • Car Repossession and Bankruptcy

    A common preceding cause of a bankruptcy filing is a car repossession. On a basic level, a car loan is a secured debt. This means that unlike failure to make your credit card payments, which can result in lawsuits and judgments down the road, failure to make a car payment gives the holder of that secured interest the right to repossess the vehicle in order to pay off the debt. Bankruptcy offers a ...
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  • The Fair Debt Collection Practices Act, Part I

    The Fair Debt Collection Practices Act is a federal statute originally signed into law in the late 1970s that is designed to provide protection to consumers from unethical and/or illegal actions by debt collectors. At the time of the promulgation of the act, Congress stated that it had substantial evidence of bad practices by so-called debt collectors, including abuse of consumers, deception, and ...
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  • Common Causes of Bankruptcy

    Every situation is different, and each bankruptcy case is unique in the circumstances that precipitated its filing. This is one of the things that makes bankruptcy a complex area of law, as each individual has a different situation that must be addressed in their bankruptcy petition. At the same time, however, there are several common causes leading to bankruptcy that seem to encompass most cases. ...
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  • What Happens If You Don't Pay Your Debt?

    When you don't pay your debt, debt collectors and collection agencies can both report your debt to credit bureaus and pursue legal options. These legal remedies can include filing a lawsuit in either state or federal court; obtaining a judgment; and any attempts to collect on judgments. If you do not pay your debt you could face: Wage garnishments Citations Attachments Bank garnishments ...
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