Default judgments typically mean a debtor is quite advanced in the collections process. Creditors do not like placing a default judgement, but they will if a debtor demonstrates they are unwilling or unable to pay.<\/p>\n
One of the ways to stop a default judgment is to file bankruptcy. The judgment is a court order demanding the debtor surrender money or property to the creditor; if you have such a judgment against you, it means you failed to pay off a type of loan or a credit card. When the creditor goes to court to get a default judgment, it means the court has ruled against the debtor for not appearing in court.<\/p>\n
If you want to put a halt to a default judgment, temporarily, you can file bankruptcy. This stops any and almost all legal action, thanks to the automatic stay. Even if a creditor has started to enforce their judgment against you, (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 placing a default judgement, but they will if a debtor demonstrates they are unwilling or unable to pay. One of the ways to…<\/span><\/p>\n