Can a credit company take assets if I have retained an Attorney for bankruptcy?
If I have retained an attorney and am in the process of filing bankruptcy, can a company still take your assets if they have recieved a judgement prior to your file date?
Posted September 6th, 2010 in Bankruptcy Q and A. Tagged: assets, file date, filing bankruptcy, judgement.
If they have a judgment, then they can garnish wages if you state allows it.
September 6th, 2010 at 2:17 pmThey can also freeze your checking accounts. If they have recently won a judgment and they have not yet frozen your bank account, then this would be a good time to pull out any money your have in the bank and put the cash in a safe or safe deposit box.
Creditors can never have a 3rd party come into your residence and start confiscating your personal items like your clothes or TV set.
Yes. Anything prior to the filing date is perfectly fine.
September 6th, 2010 at 2:17 pmUnfortunately, if your bankruptcy paperwork has not yet been filed, you cannot use that as your "protection" from a creditor attempting to repossess assets or garnish wages.
From your question, it seems the creditor has already been awarded the judgment, and at the time of award you were not a bankrupt, so you really do not have much of a recourse.
Talk with your attorney and see if he/she has any suggestions.
September 6th, 2010 at 2:17 pm