Cryptocurrency Q&A
Can debt collectors take all your money?
Can debt collectors take all your money?
InfinityEcho
Sat Nov 02 2024
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6 answers
1235
I'm worried about debt collectors. I've heard stories about them taking people's money. I want to know if they can actually take all my money if I owe them.
6 answers
HanjiArtistry
Mon Nov 04 2024
Debt collectors possess the authority to withdraw funds from your paycheck, bank account, or benefits through a process known as garnishment.
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ShintoMystical
Mon Nov 04 2024
This action can only be taken after they have filed a lawsuit against you and a court has issued a judgment against you for the unpaid debt.
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DavidJohnson
Mon Nov 04 2024
Garnishment allows debt collectors to legally claim a portion of your income or assets to satisfy the outstanding debt.
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Bianca
Sun Nov 03 2024
The law stipulates specific limitations on the amount of money that debt collectors can garnish from your wages and bank accounts.
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NavigatorEcho
Sun Nov 03 2024
These limitations are intended to protect individuals from financial hardship due to excessive garnishment.
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