What is the liklihood that a judgement creditor would go after my personal belongings if I can’t pay judgement?

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What is the liklihood that a judgement creditor would go after my personal belongings if I can’t pay judgement?

The judgement creditor is an attorney for a collection agency for a credit card case. I don’t own any bonds, real estate, car, etc. All I own is my savings account (with an exempt amount), and personal belongings in my apartment. What can I do to protect my belongings? I am terribly nervous over this as it’s my first court case and I don’t have an income to pay the judgement.

Asked on June 21, 2012 under Bankruptcy Law, Massachusetts

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

Under the laws of all states in this country, one's personal belongings such as a stereo, television, couches, chairs and the like are typically exempt from levy up to an amount of around eight thousand dollars ($8,000.00) in their collective aggregate.

If you can make some monthly installment payments on the debt you owe, I suggest that you try and enter into a written agreement with the attorney representing the judgment creditor.


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