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B

barryo

Guest
What is the name of your state? nevada

if an account goes to collections what will happen if no money is still paid?

what are the ramifications of a money judgement if there is no money to get?

the individual in question has no earnings only social security, can that be taken?

the individual is the secondary on a house, i am the primary and pay taxes on my social security # not the other individual, is this a problem?

can you declare bankruptcy after being sent to collections?

lastly, can a relative other than the one who has the debt be held responsible?
 


G

gottago

Guest
If you owe a debt and don't pay, the lender can sue and obtain a court judgement. Then, if you have any property, the lender can place a lien against the property until the lien is satisfied.

If you are part owner of a home that is mortgaged, the judgement can be placed against that home.

In other words, yes, the lender can eventually place a lien on the house if they decide sue and win in court.
 

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