The Bankruptcy Alphabet: “J” is for “Judgment”

September 6, 2012

Credit card companies are becoming more and more aggressive when collecting their debts. They frequently sue consumers to try to obtain a judgment. Many times people are so overwhelmed by their situation that they ignore lawsuit paperwork. Ignoring a judgment can lead to garnishment of bank accounts, liens on property and wage attachments. The good news is that even if a creditor obtains a judgment against you, you may still be able to discharge that debt in bankruptcy. If you are being sued by a creditor, you should consult a bankruptcy attorney right away, so that you can protect your rights and your property.

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