This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Against Property With Bad Credit In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
No, creditor cannot put a lien on your house for unsecured debt.
Pennsylvania exempts from execution on judgment on a contract all wearing apparel of the debtor and his family, bibles and school books in use in the family, as well as $300 worth of any property owned or in pos- session of the debtor.
Pennsylvania exempts from execution on judgment on a contract all wearing apparel of the debtor and his family, bibles and school books in use in the family, as well as $300 worth of any property owned or in pos- session of the debtor.
Here are four ways to avoid paying a judgment: 1) Use asset protection tools such as an asset protection trust, 2) use legal exemptions, 3) negotiate with the creditor, 4) file for bankruptcy.
The following kinds of personal property are exempt from debt collection and cannot be seized: Household goods, like furniture, clothing, and appliances. Medical equipment, such as a wheelchair. One television, one radio, one computer and one cell phone.
Also, as long as you hold funds in qualified employer-provided retirement plans or in IRAs, your creditors generally cannot reach these funds. Pennsylvania law also provides protection for life insurance policies and annuities.
