Legal Question in Credit and Debt Law in Texas

Exemptions if judgment rendered

If all you have are your wages, a 401k payment that you have automatically deducted from your paycheck, a checking account the money in which is your wages, your homestead, and 2 cars, and you're married, what can a credit card company ''take'' or attach a lien/levy to in Texas?

Also, if the debt was sold by the original creditor to a collection agency/attorney, and charged off, can the original creditor still file suit against you?

Thank you!


Asked on 1/08/08, 8:10 pm

1 Answer from Attorneys
TC Langford Langford Law Office

Re: Exemptions if judgment rendered

The bank accounts are fair game for a creditor to execute a judgment against.

The entity that has retained rights to the debt has the right to sue.

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Answered on 1/09/08, 12:00 am


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