Judgment Recovery Question
Garnish the tenants.
Birch Run, MI
Bankruptcy and debt Lawyer at Birch Run, MI
Practice Areas: Bankruptcy & Debt, Real Estate, General Practice
Garnish the tenants.
Michigan has a statutory interest rate on judgments. So yes, you have to pay interest.
The bank garnishment is valid. Even if you ask the court for a payment plan, it only stops wage garnishments. You need to consider bankruptcy to...
Yes it is legal if there are judgments against both of you. Consider filing a bankruptcy to stop this.
Yes
In re Madaj is a case that controls in Michigan. If there are no assets to disburse to you creditors, it states that the unlisted debts are...
While the general statute of limitation on debt is six years, Michigan law allows actions on mortgages for 15 years from the last activity on the...
He must get a judgment against you before he can garnish you wages. Then the amount he can garnish is limited. You get to keep the first minimum...
Sounds like she needs to file a chapter 13 bankruptcy, which will consider her 401(k) loan repayment as a necessary expense (not so in a chapter 7).
In re Madaj is a 6th Circuit case (which covers Michigan) that states unlisted debts are discharged as long as there were no assets to disburse.