It used to be a rare occasion when a consumer was sued on a defaulted debt. Not any more. I’ve recently seen an article in the New York Times about the uptick in debtor lawsuits as a collection method and resulting garnishments. This seems to match what I’ve been hearing from my readers. Most people [...]
Entries Tagged as 'garnishment'
Pay Garnishments Increase in U.S.
April 2nd, 2010 · 1 Comment · I'm being sued!
Tags: complaint·court·debt collectors·defenses·file your answer·garnishment·I'm being sued!·judgment·lawsuits·New York TImes
Being Sued but “Judgment Proof” – Do I Need to do Anything?
October 12th, 2009 · 5 Comments · I'm being sued!
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 is definitely [...]
Tags: assets·collection agencies·consumer·garnishment·judgment·judgment proof·Junk Debt Buyers·lawsuit·summons·Unrealistic Expectations·writ of garnishment
