Garnishment Judgment Trade 
FFGN COLLECT NY
JUNE 3, 2020
With both consumers and small businesses receiving funds from the Paycheck Protection Program (PPP) and CARES Act, questions have come up as to whether these amounts can be frozen or garnished by debt collectors or creditors. Is garnishing PPP or CARES Act funds an option for satisfying outstanding monies owed to judgment creditors?
Collection Industry News
NOVEMBER 2, 2020
In early 2011, a default judgment was obtained against Barboza. In early 2019, a garnishment action was filed by Pallida in Denton County, Texas to collect on the default judgment. The defendants argued Barboza failed to state a claim under the FDCPA because the one-year statute of limitations had expired.
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Troutman Sanders
OCTOBER 28, 2020
In early 2011, a default judgment was obtained against Barboza. In early 2019, a garnishment action was filed by Pallida in Denton County, Texas to collect on the default judgment. The defendants argued Barboza failed to state a claim under the FDCPA because the one-year statute of limitations had expired.
Credit Corp
NOVEMBER 9, 2020
In its annual report to Congress about debt collection complaints, the Consumer Financial Protection Bureau described collection complaints received by the Federal Trade Commission (FTC). Stating that failure to pay will result in imprisonment, seizure of property, garnishment of wages, or other false claims.
Better Credit Blog
APRIL 1, 2022
According to the CFPB (Consumer Financial Protection Bureau) and the BBB (Better Business Bureau), TSI or www.tsico.com has had over 5,000 (CFPB) and 300 (BBB) complaints filed with the Federal Trade Commission stating inaccurate reporting and even threatening legal actions they are not legally allowed to follow through on. Debt Validation.
Credit Corp
AUGUST 31, 2021
But they also know that most borrowers who are sued for old debts won’t show up in court, and the judge will issue a default judgment. If your debt is past the statute of limitations at this point, you can re-open the default judgment and ask the judge to vacate it because it is time-barred. Always respond to legal summons.
Better Credit Blog
APRIL 3, 2022
The Federal Trade Commission (FTC) could levy fines against debt collectors that violate your rights. However, PRA Group could sue you and try to garnish your wages, but this would happen in civil court. A wage garnishment would require a default judgment against you followed by a judge’s order to garnish wages.
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