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Let’s say a creditor sued me and got a judgment against me? Can I Head To Jail?

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Let’s say a creditor sued me and got a judgment against me? Can I Head To Jail?

NO. In Texas, there’s no debtor’s prison. You can not be placed into jail for owing a customer financial obligation.

Can the Creditor garnish ( just just take money straight through the paycheck) my present wages?

NO. Generally speaking, a creditor cannot garnish your current wages to enforce a judgment against you for the unsecured financial obligation. Additionally, your present wages for personal solutions, aside from the enforcement of court ordered son or daughter help re re payments, is exempt through the property that is personal value talked about below.

Note: The creditor can go after other reports and assets, not your wages that are current.

Exactly exactly What home is exempt from creditors and just what does exempt home mean?

In Texas, particular home is exempt from seizure by creditors. What this means is a creditor cannot make the home as re payment of a financial obligation. (more…)