QUESTION
What are my consequences if a debt collector sues me and takes me to court?
Asked on Apr 30th, 2014 on Bankruptcy - Michigan
9 ANSWERS
Probate Attorney serving Washington, DC
at
Apex Legal Services, PLLC
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He can get a judgment against you. Your wages may be garnished. He can report the judgment to the Credit Bureaus.
Answered on May 01st, 2014 at 4:04 AM
Business Law Attorney serving Bingham Farms, MI
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James T. Weiner, P.C.
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A judgment against you can lead to bad credit and garnishment of your assets and paychecks, being called in for depositions (creditors exams) etc.
Answered on Apr 30th, 2014 at 4:19 PM
Insurance Law Attorney serving Pasadena, CA
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KJM Law Partners
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The creditor could obtain a judgment against you and use that to garnish your wages, take money out of your bank account or sell your non-exempt assets to satisfy the judgment.
Answered on Apr 30th, 2014 at 1:28 PM
Debt Collection Attorney serving Chicago, IL
Partner at
Edelman, Combs, Latturner & Goodwin, LLC
2 Awards
You need to defend the case. If the plaintiff is a debt buyer, it may not be able to prove anything. You should consult an attorney.
Answered on Apr 30th, 2014 at 1:28 PM
You will loose. Your wages and bank accounts will be levied on. Your credit will be destroyed. Your house will be liened.
Answered on Apr 30th, 2014 at 1:28 PM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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A judgment and being subjected to collection action to the full extent allowed by law.
Answered on Apr 30th, 2014 at 10:37 AM
Arbitration Attorney serving Irvine, CA
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Law Office of Linda K. Frieder
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You will not only have to pay the debt, but it will effect your credit score. Try to settle the debt prior to trial. Get the settlement agreement in writing.
Answered on Apr 30th, 2014 at 10:37 AM
That they get a judgement against you and then garnish your wages, lien your property or seize your assets.
Answered on Apr 30th, 2014 at 10:33 AM
You could have a money judgment entered against you.
Answered on Apr 30th, 2014 at 10:25 AM