Creditors feel victorious when they finally win the big case and obtain a judgment against a debtor for money owed to the creditor. However, if a deficiency remains after any collateral for the debt has been sold and the proceeds applied to the debt, collecting the rest of the judgment may be the hardest part of the lawsuit.
(more…)
Posts Tagged ‘garnishment of wages’
Collecting Your Judgment
Thursday, October 20th, 2011Collecting Your Judgment
Tuesday, August 3rd, 2010Creditors feel victorious when they finally win the big case and obtain a judgment against a debtor for money owed to the creditor. However, if a deficiency remains after any collateral for the debt has been sold and the proceeds applied to the debt, collecting the rest of the judgment may be the hardest part of the lawsuit. (more…)