My question involves judgment recovery in the State of: North Carolina
I received a 1099-A for tax year 2010. In 2011 the lender filed a judgement. In 2012 they filed a writ of execution to try to seize personal assets. In 2012 I filed the response motion to have my assets exempted. They totaled about $4500 and the court granted all items as exempt. The equity in my home was under $1000 and both vehicles are upside down with no equity. They granted those as exempt too.
The helpful clerk of court and the sherriffs deputy told me to expect to see the lender re-file every year for the next ten years and make me file responses every year.
Once a lender files a 1099-A, can they still continue to do this every year?