This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
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In layman's terms, a person is judgment proof when it makes no sense for a creditor to take that person to court because even if the creditor wins the suit and obtains a judgment, the creditor will not be able to collect.
Three Ways to Stop a Creditor from Filing for a Judgement against...Arrange a Repayment Plan. One option you have for stopping a judgement against you is to speak to the creditor before they file any court documents.Dispute the Debt.File for Bankruptcy.
You have options:Write to the debtor and ask for your money.Get an order from the court to take part of the debtor's wages or money from their bank account. This is called garnishment .Get an order from the court to take or sell the debtor's personal property or land. This is called seizure .
Making the tough decision to sue them in small claims court for the money owed to you.Using empathy as a way of getting paid back by a friend.Offering a payment plan.Brainstorm together other creative ways to get paid back.Think about going to mediation.When all else fails, consider going to small claims court.More items...
Make sure you state you are exercising your rights under the Fair Debt Collection Practices Act. Include a sentence or two describing why you are judgment-proof For example: I am judgment proof because I am living only on Social Security benefits, own limited exempt property, and cannot meet current expenses.