I have a judgement against me in the state of TX. I have recently consulted a lawyer and was told my money in my bank account can be garnished. Is that so? What are the chances of a settlement at this point? It will cost me $1000 for a lawyer. I do not know if this is something I can work out on my own, with the collection co at this point. Should I hire the lawyer? What do you think? The amount owed is now at $6200. +.

While Texas law prohibits garnishment of salary, bank account assets are subject to attachment.

Since the creditor already has a judgement there is little incentive for them to settle unless you don't have enough attachable assets to cover the debt.

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Originally Posted by ScottGem

While Texas law prohibits garnishment of salary, bank account assets are subject to attachment.

Since the creditor already has a judgement there is little incentive for them to settle unless you don't have enough attachable assets to cover the debt.

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How quickly can they obtain bank information? Can the money from an account I am secondary on, be garnished also? I am not the main person. It is my parents account and statement do come with my name on them also. I was advised by a lawyer to fill in the questionnaire asking for my bank information. Should I do that? That doesn't make sense to me. Why would I want to give them my information?

They can garnish any account that you are listed as a joint tenant on. How quickly they can find your bank info depends on how good they are. If the court requires you to fill a questionairre then you have no choice.