2006-08-03 11:42:26 · 4 answers · asked by lsugresha52 1 in Business & Finance ➔ Personal Finance
If you are sued, the creditors can get a judgement against you that could last for decades. Once they get the judgement, they can, depending upon your state, place a lein upon your house or other assets.
If you owe taxes, I don't believe they have to go to court to get a lein.
2006-08-04 07:50:18 · answer #1 · answered by Mama Pastafarian 7 · 0⤊ 0⤋
only if its taxes. You do Mean bad credit, right? The IRS can seize anything you own.. A Federal money of any type can. But not regular business. They can make you go into bankruptcy.
But they can't take your car, or your house. The IRS can.
2006-08-03 19:21:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
bad credit can break down as 2 cases:
1) bad credits still unresolve
1)bad credit is already solve
but by law, you can own a house as primary resident and a car that no one can touch.
if you own vacation home or second home, the answer is yes
2006-08-03 20:58:07 · answer #3 · answered by Hoa N 6 · 0⤊ 0⤋
Depending on your state, unpaid credit debt may be placed as a lien on your home or a garnishment of your wages.
2006-08-03 18:46:11 · answer #4 · answered by jake_deyo 4 · 0⤊ 0⤋