How many creditors can sue an get a judgement at one time.If a person has 9 credit cards in default can they all sue?Can they all get default jugements against the debtor and place liens on assets,or do they have to stand in line and wait their turn?
They can all sue. If it's all unsecured debt, then it's first come, first serve. Why would someone let them all get default judgments?
If they get default judgements, and place liens, the liens may have a priority based on when they were recorded.
No limit. But the lienholders at the end of the line might be out of luck if you sell. Of course, they could wait, and it might appreciate.
