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Subject:  Re: I'm Drowning...advice on refinancing mortgag Date:  8/1/2010  12:23 AM
Author:  joelcorley Number:  298713 of 312702


You wrote, Since there is earned income, they are not "judgement" proof. Creditors can obtain judgements against bank accounts. The worst case is that a judgement hits and causes mortgage payments to bounce.

It isn't as easy, as not paying. Especially, with a husband who has mental illness issues. Bankruptcy ends legal claim to specific debts.

Depends on where doubloon1214 lives. And as a technicality, the judgment is obtained against an individual, not an account - the court subsequently issues a garnishment order (or whatever its called in that jurisdiction) against assets (or income) detailed by the defendant (or the claimant), less any allowable exemptions claimed by the defendant.

But you're right. It's probably not as simple as not paying...

- Joel
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