Is There a Judgment Against You? How to Find Out and What to Do
When you borrow money from a lender or creditor, you are legally obligated to repay it. Therefore, if you are not holding up your end of the agreement, the lender or creditor can sue you. If the lender, creditor, or collection agency is successful in the debt collection lawsuit, it can result in a judgment […]
How Long After a Judgment Can Wages Be Garnished?
Creditors who’ve won a lawsuit against you for an unpaid debt have greater access to debt collection tools. One of these tools is wage garnishment. This debt collection method automatically withholds a portion of your paycheck to repay the delinquent debt. Even though a won judgment gives creditors the legal basis to request wage garnishment, […]
Can My Business Bank Account Be Garnished for a Personal Judgment?
If you’re currently facing a debt collection lawsuit or recently had a judgment entered against you, one question on your mind may be: “Can my business bank account be garnished for a personal judgment?” As a business owner, keeping your personal and business finances is key, as is protecting your assets. So if you’re concerned […]
