If you don’t respond to collection attempts or can’t work out repayment agreement with the creditor, the creditor may sue you. Unless you have a good excuse – for instance, the product you bought with the loan fell apart as soon as you got it home – there’s not much you can do to defense the lawsuit. If you ignore the lawsuit – and many people do in this type of case – the creditor will ask the court to enter a default judgment against you.

If you have fallen behind on your bills and are being harassed by creditors contact a Citrus Heights bankruptcy attorney Tom Conlon at (916) 971-8880 to see if you qualify to file bankruptcy and get a new fresh start.

After a judgment is entered against you, your creditor (who is not your “judgment creditor”) will try to collect the judgment. If you pledged anything as collateral, the judgment creditor will get this if it hasn’t already. The judgment creditor also can get at your bank account and other assets. Some property is exempt up to a certain amount: your house; a car (unless its security for the loan); your business tools; personal household goods; and life insurance and retirement proceeds, to name a few.

If you have fallen behind on your bills and are being harassed by creditors contact a Citrus Heights bankruptcy lawyer Tom Conlon at (916) 971-8880 to see if you qualify to file bankruptcy and get a new fresh start.

The judgment creditor may be able to garnish up to 25 percent of your wages; rather than paying the money to you, your employer pays it directly to the judgment creditors until the amount of the judgment and costs of collection are paid off.

If you have fallen behind on your bills and are being harassed by creditors contact a bankruptcy lawyer in Citrus Heights Tom Conlon at (916) 971-8880 to see if you qualify to file bankruptcy and get a new fresh start.