QUESTION
lawsuit filed for personal loan at Discover by Zwicker
Asked on Oct 23rd, 2016 on Collections - Tennessee
More details to this question:
after court date, and there is a judgement, can anyone take my vehicle that is paid for or force sale of it. $ 11,800 owed to Discover and truck is worth about $ 25,000 I own no property or land, just would like to know exactly what they can go after thanks you Never been in lawsuit before, so I am really upset over this my work got slow which I am self employed and got behind on everything, no checking, no business, etc 56 yrs of age, and bad credit
1 ANSWER
After a judgment is obtained, the Discover has a right to execute on any property that you own and they can find. However, you have the right to exempt a specific amount of property from execution. If I were you, I would contact them, explain situation and try to work out a payment plan. IF YOUR TRUCK IS PAID FOR, DO NOT TELL THEM THAT.
Answered on Oct 23rd, 2016 at 10:57 PM