I know that student loans can be taken and taxes from homes etc, but I am unsure if just regular bills can be taken if you have a garishment ordered by the court. If you have winnings from gambling and just have regular bills can they take your winnings when you go to collect your money
2007-09-16 15:48:39 · 4 answers · asked by SWRK student 2 in Business & Finance ➔ Personal Finance
Yes, in Michigan the Statute of Limitations is 6 years on credit cards. If they get a judgment and a court order for a garnishment they can garnish your wages (in Michigan), they can put a lien against your assets (home, car), and they can seize your income tax returns (state and federal).
2007-09-16 16:37:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Income tax refunds can only be taken for child support, Federal student loans, or other money owed the Fed.
Your credit card company or other creditors can take you to court and win a judgment. Then they can attach your bank account, garnish your wages, and lein your property. Judgments are good for 10 years and can be renewed.
If you have gambling winnings, you should pay off you debts. Actually, if you are behind on your bills, you shouldn't be gambling. That's how people get behind on their bills.
2007-09-16 23:39:56 · answer #2 · answered by bdancer222 7 · 0⤊ 1⤋
credit cards cannot lein property, credit cards are "unsecured" they can attach wages of course.
2007-09-16 23:42:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Huhhhhh ?
I think that gets points for the most non-sequitur question of the night .
Please , try again . . .
>
2007-09-16 22:57:41 · answer #4 · answered by kate 7 · 0⤊ 2⤋