Should I Worry About My Valuables Being Taken if a Credit Card Company Sues Me?
"Normally, [creditors] probably will not go to the extent of taking your couch or that ring your grandmother handed down to you, but other assets like cars, boats, jet skis, etc. are enticing for them to seize and then sell at public auction. Keep in mind, however, creditors and debt collectors are very experienced in these matters and their goal will be to take assets that have solid worth such as your pay, stocks, or even money deposited into IRAs."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.
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