If you owe money to another base on a personal injury judgment against you then it is really not fair to that person for you to have the debt discharged in your bankruptcy proceeding.
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It might hire a collection agency to badger you into paying, or, if it’s believed that you have substantial assets, get a deficiency judgment from the court. The deficiency judgment allows it to take money from your paycheck by garnishing your wages, or from your bank by levying against your checking or savings account.
As of September 30, 2018, we had outstanding long-term debt of $352.2 million (compared to $283.1 million at December 31, 2017), an increase of $69.1 million, consisting of outstanding debt of $263.5 million under a credit facility with SunTrust Bank (including $2.7 million in current portion of long-term debt) and $88.7 million under a subordinated term loan (including accrued payment-in-kind (“PIK”).
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Money Pays the Landlord and FAH Refinance Can Lower THe payments. money pays the rent and fha streamline can lower the payment. posted by Short Stories at 10:51 AM 0 comments. Sunday, October 12, 2008. Debt Colectors Love Foreclosure Deficiency Judgmen. In tropical sea is the short sale.
The quick answer is that your social security income cannot be garnished at the source, and most pensions are exempt from garnishment too. You would first have to be sued, and a judgment entered in court, before there is any risk to your money from a debt collector.
The debt collectors have been purchasing deficiency judgments and the right to pursue them from foreclosure actions in judicial foreclosure states. Florida deficiecny judgments are particularly tasty to the debt collectors who purchse default judgments. The judgments in florida are then used to collect money that goes in the debt collector’s pockets.
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