Further action by debt collectors Lawyer

by rita

I made an agreement to try and repay to an attorney of a debtor I owe a certain amount and to increase this amount in 6 months but due to lack of work could not and have been paying the lower amount as agreed well now they say thaey are going to pursue further collection action they already have a judgement against me what can they do I have written and verbally spokehn to them about my situation but they dont care what can I expect to happen?

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Aug 17, 2012
Further action by debt collectors Lawyer
by: Debtcollectionanswers.com

If they already have a judgment against you, they can take steps to collect on the judgment. For example, they could ask the court for permission to garnish your wages if you are working; seize money from your bank account; put a lien on an asset that you own or seize an asset.

Even if you are not working now, have no money in your bank account or no assets, the judgment will last for some time and so one or more of the actions I just described could happen at a later date. Also, the attorney/collector is entitled to renew the judgment before it expires (runs out) and so you could be in jeopardy of these collection actions for many years to come.

There are two ways to deal with your situation -- pay what you owe or file for bankruptcy. Filing will stop efforts to collect on the judgment and give you time to figure out what to do. I recommend that you schedule a free initial evaluation with a bankruptcy attorney. The attorney will evaluate your finances and advise you about your best course of action.

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