Virginia Sample Letter for Debtor Examination

State:
Multi-State
Control #:
US-0310LTR
Format:
Word; 
Rich Text
Instant download

Description

Sample Letter for Debtor Examination

How to fill out Sample Letter For Debtor Examination?

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FAQ

If you claim an exemption, you should (i) fill out the claim for exemption form and (ii) deliver or mail the form to the clerk's office of this court. You have a right to a hearing within seven business days from the date you file your claim with the court.

You must get a court hearing on or before the return date to object to the garnishment. At the hearing, you have a chance to explain why the money can't be garnished. If the Judge agrees, the money is released to you.

How Do I Collect on a Judgment: The Debt Collection Process in... Locate the debtor's assets (as many as possible) Attach the judgment to the assets by placing a lien on the assets (called a ?judgment lien?) Obtain the assets to satisfy the judgment (the process of liquidation or foreclosure).

You must get a court hearing on or before the return date to object to the garnishment. At the hearing, you have a chance to explain why the money can't be garnished. If the Judge agrees, the money is released to you.

§ 34-29. Maximum portion of disposable earnings subject to garnishment. (2) The amount by which his disposable earnings for that week exceed 40 times the federal minimum hourly wage prescribed by 29 U.S.C.

If a levy is placed on your property, the judgment-creditor can ask the Sheriff to take it and sell it. You then would receive a notice of sale. If a levy is placed on exempt property, you should object right away. You do this by filing a Motion to Quash Levy with the court that issued the levy.

Writ of Fieri Facias (Fi Fa) This writ is designed to help a plaintiff obtain sufficient money out of the assets held by the defendant to pay a money judgment in favor of the plaintiff and against the defendant at the option of the plaintiff.

Homestead exemption of $5,000, or $10,000 if the debtor is 65 years of age or older, in cash, and, in addition, real or personal property used as the principal residence of the householder or the householder's dependents not exceeding $25,000 in value (§ 34-4, Code of Virginia).

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Virginia Sample Letter for Debtor Examination