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ctj1949
Apr 14, 2011, 01:50 PM
I live in Hampton, VA and received a lien for support debt in the amount of $38,340.22. What will now happen to me and my assets?

cdad
Apr 14, 2011, 02:11 PM
Is this a legitimate debt that you owe? What type of support is this for? How long has this debt been outstanding?

ctj1949
Apr 14, 2011, 02:18 PM
It is for back child support from 1990 to present

cdad
Apr 14, 2011, 02:35 PM
You should be able to make payments on it and when done the lien will be removed. Worst case is that they would sell your property to satisfy the lien.

ctj1949
Apr 14, 2011, 02:39 PM
I had a large insurance settlement they found out about and that's why they filed the lien in circuit court. They also froze my bank account and stocks

ScottGem
Apr 14, 2011, 03:52 PM
So you got a settlement and didn't try to take care of your debt?

ctj1949
Apr 14, 2011, 04:03 PM
They attached the settlement before I got it

cdad
Apr 14, 2011, 04:03 PM
they attached the settlement before I got it

Was it enough to settle the debt ?

ctj1949
Apr 14, 2011, 04:07 PM
Not quite but my bank account and stocks are also frozen

ScottGem
Apr 14, 2011, 04:11 PM
I'm not understanding something here. You built up a child support arrears of almost $40K over 20 years. Yet you were able to build a stock portfolio?

The fact is that you owe this money and they are legally entitled to collect. So they will attach the settlement and freeze your assets to pay what you should have been paying all along.

cdad
Apr 14, 2011, 04:12 PM
Then they may be making a grab to take what they can to catch you up. They usually aren't friendly about it. They normally swoop in and take everything they can. So from the sounds of it expect it to come due now and you keep what is left over.

ctj1949
Apr 14, 2011, 04:14 PM
Thanks