Default Judgment: The Creditor May Be Quick to Use Their New Financial Advantage
by
Gregory Mark Fitzgerald on Dec. 24, 2018
Bankruptcy & Debt Credit & Debt Bankruptcy & Debt Collection Bankruptcy & Debt Bankruptcy
Summary: If you were unable to consult with a collections lawsuit attorney at the time you were served a summons and complaint, and you did not show up in court, a default judgment was probably granted against you.
"Without a resolution to the default judgment, the creditor is almost immediately imbued with much greater power to pursue the debt. This means that up to 25 percent of the disposable income in your paycheck could be garnished, your checking account could be frozen until the debt is satisfied, or valuables could be seized and sold off at auction."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.