Let's say I haven't pay the credit cards in 6 months ...if I dont show up to court n dont appear near any call they give I mean dont pay attention to their warnings..hide at home with nothing on my name like accounts a car or a house, Will they come to the house am living in? Will they take away stuff from the house? Can they break in if they want? Would they empty the house? I have relatives here will they be perjudice because of my big debts? Please answer all my doubts....n I say doubts no debts ok? :-)
Thanks
2006-09-16 10:39:29 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
A lot of what they can do to you would depend on your states exemption statutes. Some states do not allow wage garnishment, others do. If you have "nothing" in your name and your state does not allow wage garnishment there is not much they can do until you have something in your name.
If you have a bank account in your name, I would suggest closing the account and either dealing in cash or open another with someone else and have them as the primary on the account.
If you have a car in your name, depending on your state exemption statutes, it may be safe or it may not be. If it is not covered in your states exemptions, you might put someone else on the title as the primary and you as the secondary. You would have to do that before a suit is filed or they will get you for hiding assets.
Keep in mind that they have years to enforce a judgment. How many years depends on your state statutes. Some states allow the judgment to be renewed, others don't. If you live in a state that allows judgments to be renewed, they can renew it and continue to wait for you to own something that is allowable for them to take.
If your state does not allow a judgment to be renewed, or if they fail to renew a judgment in the legal time limit, then you will not be held liable for the judgment after that time limit.
No they cannot break in if they want. They cannot take what belongs to someone else. The court may set up an asset hearing - which you "would have" to go to or you would be held in contempt of court. They would find out in the asset hearing that you have nothing in your name and they would then probably just sit back and wait until you do have something. Plus the judgment interest will adding up.
You might check the link I've added, you can find links to your states statutes on there.
2006-09-16 12:37:26 · answer #1 · answered by echo 7 · 0⤊ 0⤋
They cannot take anything away from you. All they can do is sue you, get a judgment and ruin your credit until you resolve these issues. Personal property can be seized by the government for back taxes, cars and homes have liens against them by the lenders. Your relatives are not implicated or responsible in any way for your debts unless they signed on the loan with you. However with that said, do yourself a favor and file bankruptcy so you can get the creditors off your back and start fresh as soon as possible! You can hire an attorney or represent yourself. Check out the laws and services available to you in your state.
2006-09-16 17:46:25 · answer #2 · answered by Debbie P 2 · 1⤊ 0⤋
You are in big trouble, try to find a credit counseling program near you. They can get a warrant and get inside your house, if you are married your husband can get the responsibility to pay your bills, they can try many ways to make you pay and the worst thing of all is that if they ever find you, you can get arrested taken to trial at court and then it will be more difficult for you to make a deal with the companies with whom you have trouble, so try to contact them and try to make a deal. like lowering the payments or in bankrupt. NOTE YOUR CREDIT REPORT WILL BE EXTREMELLY DAMAGED
2006-09-16 17:49:56 · answer #3 · answered by Linnette4605 1 · 0⤊ 1⤋
not exactly. They might take you to court and have a judge issue a judgement against you. That might lead to garnishment of your wages, if any.
They actually do not want the junk in your house. They want their money.
2006-09-16 17:47:13 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Find a credit counselor and ask them. Usually, they will just take 10% of your paycheck until it's paid.
2006-09-16 17:47:16 · answer #5 · answered by F T 5 · 1⤊ 0⤋
pay your debt, be responsible for your behaviour...you spent the money you have to pay back
why should everyone else pay for your bad debt,
how dare you ask for advises to avoid payment and hide....grow up
2006-09-16 18:16:00 · answer #6 · answered by Legend 2 · 1⤊ 0⤋