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    rickysal's Avatar
    rickysal Posts: 1, Reputation: 1
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    #1

    Nov 17, 2009, 07:08 PM
    How do I protect from a judgement
    I'm the losing party on a judgent, how do I protect myself from the judgement, if the creditor isn't interested in getting the money in installments, any advice?
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #2

    Nov 17, 2009, 07:24 PM

    Did you have a lawyer when you went to court? Once you have lost the judgement you have no bargaining room.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Nov 17, 2009, 07:32 PM

    Take any money out of the bank ( they can freeze your bank accounts)

    Stop using a checking account, pay with money orders or cash ( since if they freeze a bank account any checks written but not cleared will merely bounce)

    Don't have a job, or at least one where you are paid a pay check. ( you would have to work for cash off the books) since *** (depends on the states , some states don't allow garnishment) but if you have a job they can garnish normally up to 25 percent of your check.
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