Home » FAQ » Debt Collection

Debt Collection

What legal means can a plaintiff use to obtain proof of my assets (cars, boat, jobs, etc.) in a small claims judgment?

Once a judgment is obtained, the judgment-creditor can garnish wages or levy bank accounts, but the creditor must know your employer and other information about you to perfect these remedies. To gather this info, the court can order a “debtors exam.” During this process, debtors are asked personal questions (that the debtor must truthfully answer) about the existence and location ...

Read More »

What is a judgment?

The proper term is Court Judgment. A court judgment is the final decisive act of a court in defining the rights of the parties.  It includes a decree and any order from which an appeal lies.  Other terms commonly used include, default judgment, civil judgment, foreign judgment, and judgment proof.

Read More »

What does “Judgment Proof” really mean?

Judgment-proof is the commonly used term but a more accurate term would be “execution-proof”! Although creditors and debt collectors win lawsuits, they still have to collect from you, but if you are penniless then you are at least temporarily insulated not from judgment but from execution of the judgment (the collection of the debt) You may be considered “Judgment Proof” ...

Read More »

Is this legal or is it fraud?

I received a collections notice from a company that claims to have purchased the debt. However its on an attorneys letterhead it has referenced and placed the account which is in “default” with the law office. States no attorney has reviewed the case yet and I have thirty days to dispute or set up payments with them or they will ...

Read More »