2007-01-22 16:01:31 · 6 answers · asked by chido123 1 in Business & Finance ➔ Credit
No. If yo do not answer, then the court will automatically decide for the Creditor, and you then have no recourse on the judgment.
2007-01-22 16:04:51 · answer #1 · answered by Robert S 3 · 1⤊ 0⤋
There is no Debtors Prison or Poor House in the USA. You cant go to jail for not paying a judgement unless the court declares you in contempt of court which is another story. Barring that circumstance, owing a judgement and not being able to pay, you will sit with that until such time as you work, use your SS# and get a pay check, cash a check, get a bank account etc.Then liens, holdings, garnishings etc. might come into play.
2007-01-23 00:09:05 · answer #2 · answered by ? 6 · 0⤊ 0⤋
It depends on the creditor; and how persistent they are. You can be charged with contempt of court for failure to pay. The best thing to do is go to every court date that you receive notice for. Most importantly contact the creditor and attempt to make payment arrangements even if they are small amounts. Be sure to document all of your correspondence. Also don't get stressed out, talk to the creditor as calmly as possible and work through it little by little.
2007-01-23 00:59:32 · answer #3 · answered by lovedawork 1 · 0⤊ 0⤋
No, not unless you committed some kind of fraud. We don't have debtor's prisons anymore. All they'll do is continue to harrass you and possible garnish your wages or put a lien on any property you own. After they do that, they can sell it.
2007-01-23 00:10:25 · answer #4 · answered by First Lady 7 · 0⤊ 0⤋
You will not go to jail, but be prepared to have a judgement set by the judge to garnish your wages.
2007-01-23 00:07:08 · answer #5 · answered by Sparkles 7 · 1⤊ 0⤋
No. Debtor's prison is long gone.
2007-01-23 00:31:44 · answer #6 · answered by Anonymous · 0⤊ 0⤋