More details to this question:
I had a judgement placed on me for a loan in 4/2010, according to my credit report it was charged off in dec 2010. I thought once it was charged off they can't come after you again? Also I wasn't employed at the time due to an accident, I recently went back to work and I just get by paying my household bills and other bills now, can they garnish my wages or take my vehicle? Should I file bankruptcy to get rid of this and medical bills in collections?
1 ANSWER
3 Awards
Judgments in NC are good for 10 years and can be renewed 1 time for an additional 10 year term. Charged off does not mean you are off the hook. If you were served with your Notice of rights you must fill them out and file them with the Court within 20 days of service. Failure to do so exposes everything you own. Garnishment is unlikely in NC. Losing stuff such as your car or bank account may be possible, especially if you don't claim your exemptions. Bankruptcy may be an option as well.
Charlotte Bankruptcy Lawyer
Answered on May 02nd, 2013 at 3:05 PM