I have a loan through a loan company and because of unforeseen circumstances I can not pay now. Today I was served papers to show up in court in January. What can happen to me if I don't show up?
You will likely have a judgement entered against you in your absence.
A judgement will be entered against you. Then you can have your wages garnished
In no way am I offering you legal advice, and in no way has my comment created an attorney-client relationship. You are not to rely upon my note above in any way, but instead need to sit down with counsel and share all relevant facts before receiving fully-informed legal advice.
On the telephone, this is usually followed by this question – "will I go to jail?" The answer that question is "no, you will not go to jail for this type of court appearance. " What will happen if you don't show up is the creditor will get a default judgment against you. After getting the default judgment, it is likely they will apply for a garnishment order. This will be served upon your employer. Once your employer receives the garnishment order, they will begin garnishing your paycheck. That means they will take a percentage (usually less than 25%) out of your paycheck and send it to the creditor. If you do not have a job, they will enroll a judgment against any real property you have. If you try to sell the property, they will be paid from the proceeds of the sale. You can file bankruptcy and discharge this debt under most circumstances.
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