Ask Experts Questions for FREE Help !
Ask
    butvilas1's Avatar
    butvilas1 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 17, 2009, 03:04 PM
    Default judgement
    What is next after default and how much time does it take to get to the next step
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #2

    Jan 17, 2009, 03:37 PM
    Quote Originally Posted by butvilas1 View Post
    what is next after default and how much time does it take to get to the next step


    Time depends on the State and how long it takes the creditor to follow up. In general the Judgement is granted, typed up, signed, filed. Copy send to the debtor. Then the time frame before whatever means are legal in your State to collect begins to run.

    When the time frame has run, then the creditor takes the appropriate action - garnishment of wages, lien on bank account, lien on property, whatever is legal.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

    Jan 17, 2009, 05:24 PM

    The judgement is recorded and signed by the judge, At that point it is completely up to the lender, he may still try and collect, turn it over to collect agency, he may sell the judgement to another company.

    Or they may go for an attachment of your bank accounts, a garnishment of your income tax, maybe a garnishment of your pay check, it is all in his ball park after he gets a judgement
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Judgement by default, now trying to enforce judgement [ 2 Answers ]

Received a judgement by default... by cavalry portfolio... a debt collector service. Now they had a sheriff show up at my home due to a levy, and theyb assessed my assests. Can they do that?

Default Judgement [ 2 Answers ]

I received a summons of default judgement for a truck that I have that still has a balance, I need more time to settle this matter what should I do? Do I request a contiuance?

Default Judgement [ 1 Answers ]

I have default judgements for credit card debt... approx 60k from four creditors. I own nothing... car, home, etc. I live in South Carolina where wages cannot be garnished. I live with a friend where I pay my portion of expenses and there's not much money left after that and paying the...

Unaware of default judgement /cause of judgement [ 2 Answers ]

A few days ago, my husband was called by a collection agency informing him of a default judgement of over $8,000 which he had no prior knowledge of. The default judgement was 12/2005. He was told that it was for a credit card he had in 1996. He sincerely believes that he was the victim of identity...

Default judgement [ 2 Answers ]

I live in New York state, I had a default judgement placed against me because I didn't answer to an attorney letter, I feel I was not served properly, I want to try to get the default judgement set aside. I've been told to file a request for judicial intervention and a motion, well I found the form...

View more questions Search