article thumbnail

What Is a Judgment?

Credit Corp

Quasi in rem: Quasi in rem judgments consider the legal rights of individuals and not necessarily all parties involved. This is known as wage garnishment. When your employer receives the proper legal notice, they must withhold a percentage of your wages. The Consumer Credit Protection Act caps these types of garnishments.

article thumbnail

Washington District Court Awards $60,000 in Emotional Distress Damages to Plaintiffs in FDCPA Case

Troutman Sanders

The court reasoned that the defendant’s erroneous statements to the plaintiffs that “a judgment had been entered for the alleged debt, that plaintiffs’ wages would be garnished, that plaintiffs had been evicted, and that various charges and fees were legitimate” were without any basis.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Dealing with Debt Collectors

Debt Free Colorado

You have rights to help you gain control over your debt collection interactions. To learn more about pursuing your legal rights, contact your state’s local consumer agency. Because it is more limited than the federal FDCPA, the CFDCPA gives consumers stronger legal protection in several aspects.

article thumbnail

Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. The company does not tell you your legal rights or tell you about free options you can take on your own. What Do the Various Kinds of Bankruptcy Entail? What does each one mean? What are the warning signs?

article thumbnail

What Can I Keep if I File For Chapter 7 Bankruptcy?

Sawin & Shea

Debt collectors have a legal right to pursue the collection of personal debt within the bounds of the law. In some cases, debt collectors may take legal action by filing a lawsuit against you to obtain a court judgment. Known as exempt assets, these are the things you may keep when you file for Chapter 7 bankruptcy.

article thumbnail

How Late Can You Be on a Car Payment, Mortgage or Other Bill?

Credit Corp

Therefore, if you fail to make your payments, the lender has the legal right to take your car. At that point, the lenders may be able to garnish your wages and other income sources. Private lenders have to go through legal channels, suing you once you default and getting a court order for garnishment.

article thumbnail

Can Stimulus Checks Be Garnished in California?

Direct Recovery

Like many other consumer-focused states, California has put a number of different protections in place that forbid debt collectors from garnishing those valuable stimulus checks. Let’s dive into the details and break down exactly what debt collectors can and cannot do right now. The post Can Stimulus Checks Be Garnished in California?