Abstract of Judgment – What Is It?
... how much money the losing party of a lawsuit owes to the winning party in the lawsuit, the rate of interest to be paid on the judgment, court costs and attorneys fees, if any. Reason for An Abstract of Judgment The reason an abstract is issued is so that a record of the judgment can be filed in real property records. The abstract is usually filed in the real property records of the...
Read MoreJudgment Proof – Do I Have to Answer Interrogatories?
Thomas asks… I have a judgement against me in Texas but I believe I am judgment proof so why does the collection agency keep bothering me? I was sued by a collection agency in Texas and they got a judgment against me. I believe I am judgment proof and I only have a little regular income. But, every six months the company sends me a list of questions called...
Read MoreGarnishments in Texas – Do I Put a Lien on Bank Accounts?
... asks… What are the requirements for executing a lien on bank accounts in Texas? I have the judgment already. Now I want to lien the bank accounts of the debtor. Do I need any more documents? Harvey L. Cox answers: Garnishments in Texas Require an Application In Texas, you can’t put a lien on a bank account with your money judgment. You can seize a judgment...
Read MoreJudgment Proof Yourself with a Tenancy by the Entirety?
... mistaken impression that tenancy by the entirety makes the lien disappear. The lien is still there, it just cannot be enforced against the real estate. So when they sell the house, it will no longer be their residence, and the tenancy by the entirety protection will cease to exist. And boom, as soon as the deed to the buyers is recorded, the lien is now enforceable, and it is ahead of...
Read MoreAbstract of Judgment – What Does It Mean?
... asks… What is an abstract of judgment? I just received a legal document in the mail. It says it’s an abstract of judgment. What is it? What does it mean? Harvey L. Cox answers: An abstract of judgment is simply a written summary of a judgment. It states the amount of money the judgment debtor owes, the amount of interest and the amount due for court costs. To...
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