I just received notice that a judgement was placed against me for a credit card debt of $6100. What will happen now? Can I call the lawyers who sought the judgement and try to work out some sort of payment arrangement. I do not have that kind of money.
If it were me, I'd get familiar with my state garnishment laws and start looking for ways to protect my assets. I have no experience though, experts will chime in with better stuff.
Was the Summons properly served? If not, you can petition the court to have it vacated. If you have a savings account, you may want to consider converting it to liquid assets *now* because they know most people bank in their local neighborhood. Some states have specific restrictions on funds that can be garnished, if an individual is self-employed, very low-incomes, disabled etc. etc. If you have outstanding pressing financial needs, you may want to consider consulting with an attorney to help you achieve a reasonable re-payment plan and to learn any options available to you in your state.
There's also a good chance they will almost immediately freeze your accounts and take ALL your money out of each one...and put a hold on safe deposit boxes. Then continue to garnish any deposits until they get what you owe them. Once you get a judgement, it's pretty much too late.
