Results 1 to 2 of 2
  1. #1
    Join Date
    Mar 2006
    Location
    Kentucky
    Posts
    22

    Default Seizure of Finances After a Credit Card Judgement

    I am about to have a credit card judgement against me from Providiian Credit Card Company, ( the company that was taken to court and found guilty of not posting payments even though they recieved them on time). I am wondering if they can get to your investment/stock accounts, and seize money that is in your investment/stock accounts and take that money legally and apply it to your judgement for a credit card debt. ???? ANy help on this is greatly appreciated.. Thanks

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Garnishment of investment accounts to satisfy a judgment

    It depends upon the nature of the accounts. For example, a personal investment account would normally be fair game; an ERISA-qualified 401K account would normally be exempt.

    1. Sponsored Links
       

Similar Threads

  1. Judgement by a Credit Card Company
    By WellsProblem in forum Civil Procedure
    Replies: 2
    Last Post: 07-10-2010, 11:15 PM
  2. Debt Collectors: Judgement on Old Credit Card
    By madison52500 in forum Debts and Collections
    Replies: 2
    Last Post: 04-20-2010, 11:43 PM
  3. Debt Collectors: Credit Card Debt, Judgement
    By bigbillp in forum Debts and Collections
    Replies: 1
    Last Post: 11-20-2009, 11:41 AM
  4. Debt Collectors: Credit Card Debt and the Seizure of a Home
    By cgray77 in forum Debts and Collections
    Replies: 1
    Last Post: 07-30-2008, 08:38 AM
  5. Debt Collectors: Judgement for old credit card debt
    By jbar in forum Debts and Collections
    Replies: 1
    Last Post: 12-14-2006, 01:13 PM
 
 
Sponsored Links

Legal Help, Information and Resources