Monday, October 1, 2012

When Opportunity Knocks?After Judgment | Rusty Law, LLC

The best way to avoid a judgment in Small Claims Court is to PAY YOUR BILLS.? Pay your bills on time every time and usually you can avoid Small Claims Court altogether.? For some people, though, ?Pay your bills? is easier said than paid.

Situations happen.? Medical hardships, job loss, divorce, and loss of income not only disrupt lives, they can affect good bill-paying practices and damage credit.

Regardless of how you get to Small Claims Court, once there, you will probably be better off to avoid a collection judgment against you.? Even if you do not have the money to pay right away, you are not ?safe? in your poverty.? You may count your misfortune as fortunate for the time being, but a judgment could hamper your recovery in the future.

A judgment is a lien, good for twenty years and which can collect interest.? If opportunity knocks five or ten years after the judgment, you are still responsible to pay that judgment collection.

Debt collectors know this.? They know they cannot collect on all judgments when they happen, but they also know that they have twenty years to wait for that money to come in.? Debt collectors monitor your accounts and will garnish your wages and/or seize your bank account to collect the amount owed.

The best way to deal with a judgment is not to get one?but after that, seek competent legal counsel.? Do not ignore the situation.? A debtor may have legal options, but he can lose rights if he does not know to assert them.? Get legal advice if you are facing a judgment or already have one against you because there are serious consequences which can more than inconvenience you.

Source: http://www.rustylaw.com/when-opportunity-knocks-after-judgment/

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