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  2. Judgment proof - Wikipedia

    en.wikipedia.org/wiki/Judgment_proof

    In the context of contract law, debt collection and civil litigation, the term judgment proof is commonly used to refer to defendants or potential defendants who are financially insolvent, or whose income and assets cannot be obtained in satisfaction of a judgment. Being "judgment proof" is not a defense to a lawsuit.

  3. Judgment (law) - Wikipedia

    en.wikipedia.org/wiki/Judgment_(law)

    For example, in California, a judgment creditor must file an "Acknowledgment of Satisfaction of Judgment" [42] where it has been paid in full by the judgment debtor within 15 days of the judgment debtor's request. [43] This document has the effect of formally closing the case [44] and terminating any ongoing garnishment arrangements or liens. [45]

  4. Garnishment - Wikipedia

    en.wikipedia.org/wiki/Garnishment

    Under U.S. federal tax law, a garnishment by the Internal Revenue Service (IRS) is a form of administrative levy. In the case of an IRS levy, no court order is required. [9] Only a few requirements must be met before the IRS starts a wage garnishment: The IRS must have assessed the tax and must have sent a written Notice and Demand for Payment;

  5. Are unemployment benefits safe from wage garnishment? - AOL

    www.aol.com/finance/unemployment-benefits-safe...

    Filing for bankruptcy is another way to stop many forms of wage garnishment. This approach won’t protect your unemployment benefits in all cases. For instance, filing Chapter 7 bankruptcy will ...

  6. Stimulus checks: Debt collectors can garnish your $1,400 ...

    www.aol.com/finance/stimulus-checks-debt...

    The first $1,200 stimulus checks in the spring weren't protected from private garnishment or child support, while the second payments of $600 were fully protected. Some states enacted their own ...

  7. Student loan wage garnishment: How defaulting could ... - AOL

    www.aol.com/finance/student-loan-wage...

    Student loan wage garnishment involves a private lender or the federal government withholding part of your income to repay overdue student loan debt. Federal student loan payments were paused ...

  8. Collection of judgments in Virginia - Wikipedia

    en.wikipedia.org/wiki/Collection_of_judgments_in...

    Garnishment is generally directed to the debtor's bank accounts and accounts receivable. Many other forms of intangible property can not be reached through this mechanism, or at all. Garnishment is ineffective with respect to stock certificates or other negotiable instruments ; those must be by physically seized through the procedures for ...

  9. Accord and satisfaction - Wikipedia

    en.wikipedia.org/wiki/Accord_and_satisfaction

    Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.