Sued, can they take my tax return?

Dec 07, 2010

collection after judgment
by: Gerri

Amber,

Please don't assume that just because you haven't heard from the company that got the judgment against you that you won't hear from them. We encourage consumers to take judgments very seriously and find a way to resolve them. If you don't, the judgment creditor may have other avenues for collection, and may go after things you own like bank accounts or property.

We also suggest, though, that consumers who can't pay a judgment at least get a free consult with a bankruptcy attorney to find out what may be at risk. The attorney can review your individual circumstances and tell you what the creditor can and cannot go after to collect on the judgment. Having that information will hopefully give you some peace of mind, and should also be useful in developing a strategy for dealing with the debt. What property is exempt varies from state to state, so it's important that you get information specific to your state and your situation.

If, for example, you discover that you are "judgment proof" - there's nothing you have they can go after - then you may be able to negotiate a settlement on the debt so you can put it behind you.

We hope this helps!

Sued, can they take my tax return?

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Sued, can they take my tax return?