What will happen if i dont pay my mail order catalouge debts.?
Answers: A creditor doesn't need a SS# to report a bad debt to a credit reporting agency. They just need a name and address.
If you are in the US, and don't pay, the bad debt will probably be reported to a credit reporting agency and the debt might be turned over to a collection agency. If you owe enough money, a lawsuit could be filed against you by the creditor.
If they have your Social Security number it will hurt your credit.
Unless it's a good chunk of money, I don't believe they will sue you. It's just not worth it.
Good luck.
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as the person above me mentioned if you didn't provide a SS# then the most they will do is call and harass you for a while
Garnishee wages? whats the max percentage / or amount of money a court or Judgement can pilfer to restore your health?
Thinking I would be sued in a civil undertaking , I got rid of adjectives my personal assets of value. motor, stock, motorcycle, savings depiction even big TV, and expensive furniture. 4 mos before they file the action.I even reduced my daylight job to a division time status 16 hours weekly
- live off other revenue which does'nt flow thru the bank or credit system.
the action is foul and may be unlawful , but until i can afford a lawyyer to box it..I was wondering how much of my miserable paycheck can they attach or garnishee ? ON RECORD I trademark less than $ 600.00 month.
Answers: It depends on what state you live contained by. There are some states that do not allow creditors to garnish wages. The other states swing in the percentage they allow.
Lawyers are very expensive. It would probably be a great deal cheaper to settle this matter out of court than to hire a legal representative.
You did not have a lawful reason to verbs any of the assets that you wrote about. When you verbs assets you leave a dissertation trail that is flowing to follow.
If a judgment is enter against you, the other party can cross-question you about your assets. You will enjoy to tell the court roughly speaking the asset transfers you recently made.
If someone get a judgment against you, it is usually biddable for ten years and then can be renewed again.
The court will also want to know why your income dramatically dropped. The court will want to know how you can afford to live on such a low income. Officials for the company you work for may be question to find out what is going on.
Good luck.
At $ 600/ month, they won't be able to collect anything. I know that here is a floor income level below which they can't touch. They could still database and receive a judgement against you that will follow you for years. Once you have assets that they know just about, they can legally flog it through a sheriffs sale. If you enjoy any retirement accounts, 401k's , IRA's etc. Put any money you have into these types of accounts. They can't touch that money reasonably.
The best thing is to try to negotiate the debt earlier it gets to that point. Many debt collectors enjoy bought your original debt for a fraction of a dollar and would be likely to accept 50% or smaller number of the balance.
If you're really surrounded by trouble, then a short time ago declare BK. The rules fashion it harder and more expensive, but at your income , you will definately pass the money test for Chapt. 7.
Good luck.
You necessitate an attorney. Call the bar association that is to say in your county and ask for a referral. If you can't afford an attorney, ask the railing association about a local trial aid program.
As another responder stated, liquidating your assets doesn't show the problem went away, and you could enjoy caused more problems for yourself (and anyone you give an asset to), it is called a Fraudulent Conveyance.
As you don't state what state you live within, a wage garnishment might not be available. Not to mention that the plaintiff needs a court sensitivity before attempting to execute on the taste.
Bank transfers?
hypothetically if i had an tale over in england containing 7 million abnormal dollars and had to trasfer the money to my australian explanation in one transaction, would that UK wall require insurances before the release of such funds?Answers: no , it's adjectives electronic, they dont have your money contained by the back room, of late incase you decide to cancel it.