Many people who receive a notice of a pending lawsuit for defaulted credit card may have heard that the opposing party can’t win because they are “judgment proof”. This question comes up all of the time – “I’m being sued but I’m judgment proof – do I need to do anything?” The answer [...]
Entries Tagged as 'assets'
Being Sued but “Judgment Proof” – Do I Need to do Anything?
October 12th, 2009 · 1 Comment · I'm being sued!
Tags: assets·collection agencies·consumer·garnishment·judgment·judgment proof·Junk Debt Buyers·lawsuit·summons·Unrealistic Expectations·writ of garnishment
Opinion: How the US Can Get Out of Debt
August 27th, 2009 · 4 Comments · Budgeting, Debt Collection, Debt Settlement
When I’ m approached by someone seeking advice on how to get out of their credit card debt, I use a standard methodology. Just for fun, I decided to see if I could apply the same principals to the U.S. Deficit (currently $12 trillion).
First thing I do is to ask the client the following [...]
Tags: assets·debt·Debt Settlement·Defense·Health·Medicaid·Medicare·National Defense·Outstanding Debt·Social Security·U.S. Deficit
