Legal Question in Credit and Debt Law in Louisiana

.can the credit bureau take your house to collect a a bill due. When you have tried to make arrange to pay once a month but they do not want to except that. they want a payment that i cannot afford at this time. have been layoff for about 2 years. they ave put a judgement on me, trying to make an argument with them but they do one to. they are thearthing me to do what they have to to get their money. been on file for almost 7 years.


Asked on 4/27/11, 1:56 pm

1 Answer from Attorneys
Martha Amanda Mandi Lucas Mandie Seale Lucas

If they received a judgment awarding them monies, this judgment is good for ten years but they can renew it. If there is no judgment, they have 3 years from the date of the last payment to pursue an action. There is a $15,000 homestead exemption against seizure by creditors. If the property is worth more they could pursue a seizure action, but this is a new action based on a judgment previously granted.

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Answered on 4/30/11, 4:57 am


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