Creditor's Rights and Garnishment - Creditor Collections Today

How to Get a Deficiency Judgment After a Foreclosure Sale

Jimerson Firm

JANUARY 28, 2021

For example, the lender can get a judgment lien against the borrower’s personal property, garnish the borrower’s wages, and/or levy the borrower’s bank accounts. When the lender receives a deficiency judgment from the court, it can proceed to collect on that judgment against the borrower using conventional collection methods. Conclusion.

Foreclosure

Foreclosure Judgment Lender Banks

Secured vs Unsecured Debt: Everything You Need to Know

Sawin & Shea

NOVEMBER 15, 2023

They may use collection agencies , or they may sue you (asking the court to garnish wages, take an asset, or put a lien on your home). Secured Debt in Bankruptcy A bankruptcy can discharge your underlying responsibility to pay the debt, but it does not do away with the creditors rights to the collateral they hold as security.

Unsecured Debt

Unsecured Debt Chapter 7 bankruptcy Collateral Bankruptcy

Creditor Collections Today

How to Get a Deficiency Judgment After a Foreclosure Sale

Secured vs Unsecured Debt: Everything You Need to Know

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