Can a creditor force you to sell your house?
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Can a creditor force you to sell your house?
Creditor Can Force a Sale After attaching a lien to your home, your creditor doesn’t have to sit patiently and wait for you to sell or refinance the property. If you have equity in your home, the judgment holder can force you to sell the property and use the proceeds from the sale to pay off your outstanding judgment.
Can I take someone to court for money owed?
You Can’t Force Someone to Pay In civil lawsuits, particularly in Small Claims Court, you can get a judgment by the Court for money owed you, but you may have great difficulty collecting the money. There are ways the Court can put pressure on the payee, with garnishment or a lien against the property.
How do you get your money after you win a lawsuit?
A simple way to collect a judgment is by deducting money out of the debtor’s paycheck using a wage garnishment. The debtor must have a decent income because both the federal government and states cap the amount you can take, and certain types of income, like Social Security, are off-limits.
Should you settle or go to court?
A settlement can be faster, more efficient, less costly and less stressful than a trial. Con: You might receive less money in compensation through a settlement than you could feasibly attain during a personal injury trial in West Virginia. Pro: You remain in control over the outcome of settlement negotiations.
How long does it usually take to receive a settlement check?
about five to six weeks
