What happens if I owe money to several creditors but do not have the money to pay back? 7 Answers as of November 09, 2012

My daughter owes around 12k to 4 to 5 creditors and now only brings home $150.00 week what can the creditor do to her legally besides collections?

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The Law Office of Darren Aronow, PC
The Law Office of Darren Aronow, PC | Darren Aronow
The creditors can garnish her salary and freeze her bank account after they serve her with a summons and get a judgment. If she can file bankruptcy, that would wipe out all of the debt.
Answer Applies to: New York
Replied: 11/9/2012
Havens Law, LLC
Havens Law, LLC | William Havens Nebeker
The creditors can get a judgment. Then they can then garnish wages, attach bank accounts and take property that is not exempt. She may be a good candidate for bankruptcy because of her level of debt to her low level of income.
Answer Applies to: Utah
Replied: 11/6/2012
Law Office of D.L. Drain, P.A.
Law Office of D.L. Drain, P.A. | Diane L. Drain
Look to the exemptions in the state where you live.
Answer Applies to: Arizona
Replied: 11/6/2012
Victor Varga | Victor Varga
Collections which could include garnishments and liens.
Answer Applies to: Maryland
Replied: 11/6/2012
Law Office of Stuart M. Nachbar, P.C.
Law Office of Stuart M. Nachbar, P.C. | Stuart M. Nachbar
Get a judgment and garnish wages, attach bank accounts, and seize personal property. She may be a candidate for bankruptcy.
Answer Applies to: New Jersey
Replied: 11/6/2012
    Law Office of Bijal Jani | Bijal Jani
    In the event the creditors are able to secure judgments against her, then they can garnish her wages as well as try to get money from her assets (bank accounts etc). She should work with an experienced attorney in trying to resolve the settlements.
    Answer Applies to: New York
    Replied: 11/5/2012
    Gallagher & Associates Law Firm, P.A.
    Gallagher & Associates Law Firm, P.A. | Charles R. Gallagher III
    The creditor can sue her and obtain a judgment against her. A judgement creditor can garnish wages, seize non-exempt property and otherwise enforce their judgment via colleciton.
    Answer Applies to: Florida
    Replied: 11/5/2012
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