How Judgment Creditors Collect
How Judgment Creditors Collect
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When the Creditor Gets a Lien Against Your Property
A creditor who records a lien property gets an interest in the property, which improves the creditor's odds of receiving payment for a debt. For instance, if a creditor has a lien on property you own, you’ll need to pay the creditor before selling the property or refinancing it, and the creditor might even use a lien on house property to force a sale of your home.
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Requesting a Debtor's Exam, Documents, or Written Answers
If a creditor gets a judgment against you, it will then take steps to collect on that judgment. The creditor can collect by garnishing your wages, or selling some of your assets or property. Before the judgment creditor does this, it must first find out whether you are employed, how much money you make, and what assets you own.