Default judgments typically mean a debtor is quite advanced in the collections process. Creditors do not like having to involve the court and having to file for default judgment, but they will do so if a debtor demonstrates they are ultimately unwilling or unable to pay. \u00a0A default judgment is a court order demanding that the debtor surrender money or property to the creditor. If you have such a judgment against you, it means the court has ruled against you for not appearing in court and for failing\u00a0to pay off a type of loan or a credit card.<\/p>\n
One of the ways to stop a default judgment is to file bankruptcy. Filing bankruptcy effectively stops any and almost all legal action, thanks to the “automatic stay.” Even if a creditor has started to enforce their judgment against you via garnishment or bank levy, once you file bankruptcy the “automatic stay” goes into (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Default judgments typically mean a debtor is quite advanced in the collections process. Creditors do not like having to involve the court and having to file for default judgment, but they will do so if a debtor demonstrates they are…<\/span><\/p>\n