The law provides guidelines on how and what the debt collectors can do for people with unpaid bills. Notification of a lawsuit via summons may be filed stating the reasons, the amount, name of the person or company that filed the lawsuit and the date of when to appear in the court.
What to do after a lawsuit?
Consult with a lawyer Francois Sauvageau about the case. The consumer law attorney Sauvageau & Associates will discuss with the debt collector about a possible settlement that may stop the lawsuit.The lawyer will try to reach an agreement with the debt collector that will prevent the possibility of a court trial.
What if the settlement failed?
Then court hearing is more likely to happen.
The amount of debt, which can be actually sued, differs widely depending on region; from a range of $1,500 to $15,000. Once the case is heard, a lawyer may only be helpful in giving legal advice on how to defend oneself in the court because a number of states do not permit legal representation in small claims court.
What happens if the debt collector wins the case?
The debt collector like CTL LAW is not allowed to collect money immediately. A court’s permission is needed before money can be collected. The collector must ask the permission of the court to:
1. Garnish a part of a pension or the monthly income from Social Security if the money being collected is from overdue:
· Court-ordered support for a child;
· Loan from a federal student;
· Unpaid taxes, the and even your monthly Social Security income.
2. When the court grants the collector to take assets other than home, these are sold in public auctions and the money to be collected will be applied to the debt. In case the money is not enough to cover the size of the debt, the debt collector is allowed to collect the deficit amount. It is therefore wise to fix debt problems before it reaches the court to avoid losing assets, especially in the case of secured debts.These are debts that are secured by collateral. Assets like cars or mortgage are made collateral to secure, the risks connected with lending.Failure to repay may give the rights to seize the assets.
3. Garnish your wages.
If this is granted to the collector, the court will furnish an order that requires employers to withhold a specified amount of money from paychecks for a given period.
4. Attachment of a judgment to one of the assets. When this happens, the asset is prevented from being sold or borrowedwithout paying the debt collector.
If there are no assets and the state prohibits wage garnishment, there is no way a debt collector can get money for the unpaid bill. However, this may not also be favorable because any unsettled debt that is sent to collections will definitely give a negative impression on the credit score and credit history.
While there are a lot of possibilities on how to get out of the debt situation, the most proper way to not be in the circumstance is still to pay debts on time or not have debt at all.
What to do after a lawsuit?
Consult with a lawyer Francois Sauvageau about the case. The consumer law attorney Sauvageau & Associates will discuss with the debt collector about a possible settlement that may stop the lawsuit.The lawyer will try to reach an agreement with the debt collector that will prevent the possibility of a court trial.
What if the settlement failed?
Then court hearing is more likely to happen.
The amount of debt, which can be actually sued, differs widely depending on region; from a range of $1,500 to $15,000. Once the case is heard, a lawyer may only be helpful in giving legal advice on how to defend oneself in the court because a number of states do not permit legal representation in small claims court.
What happens if the debt collector wins the case?
The debt collector like CTL LAW is not allowed to collect money immediately. A court’s permission is needed before money can be collected. The collector must ask the permission of the court to:
1. Garnish a part of a pension or the monthly income from Social Security if the money being collected is from overdue:
· Court-ordered support for a child;
· Loan from a federal student;
· Unpaid taxes, the and even your monthly Social Security income.
2. When the court grants the collector to take assets other than home, these are sold in public auctions and the money to be collected will be applied to the debt. In case the money is not enough to cover the size of the debt, the debt collector is allowed to collect the deficit amount. It is therefore wise to fix debt problems before it reaches the court to avoid losing assets, especially in the case of secured debts.These are debts that are secured by collateral. Assets like cars or mortgage are made collateral to secure, the risks connected with lending.Failure to repay may give the rights to seize the assets.
3. Garnish your wages.
If this is granted to the collector, the court will furnish an order that requires employers to withhold a specified amount of money from paychecks for a given period.
4. Attachment of a judgment to one of the assets. When this happens, the asset is prevented from being sold or borrowedwithout paying the debt collector.
If there are no assets and the state prohibits wage garnishment, there is no way a debt collector can get money for the unpaid bill. However, this may not also be favorable because any unsettled debt that is sent to collections will definitely give a negative impression on the credit score and credit history.
While there are a lot of possibilities on how to get out of the debt situation, the most proper way to not be in the circumstance is still to pay debts on time or not have debt at all.