Default Judgments Lead to Major Financial Hassles
by
Gregory Mark Fitzgerald on Jan. 07, 2019
Bankruptcy & Debt Credit & Debt Bankruptcy & Debt Collection Bankruptcy & Debt Bankruptcy
Summary: A creditor with a judgment against you can utilize aggressive tactics to see the debt repaid, such as diverting funds from your paycheck, freezing your financial accounts, and even taking property and then selling it at public auction.
"Medical debt is the leading cause of financial distress for consumers in the US, and it is also the number one cause for bankruptcy. Student loans are close behind, however, with many younger borrowers in the US missing out on life as our parents and grandparents may have known it in terms of taking on both the joys and the responsibilities of purchases like homes and new cars."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.
