Legal Question in Credit and Debt Law in Texas

Questions Re: Judgement Filed Against Me

Approxmitely two years ago, Providian National Bank placed a judgement against me for appox. $4000 of credit card debt. I made arrangements with the Houston lawyer assigned to the case to make monthly payments. I kept up the payments, but approx. 6 mos ago, ran into some financial snags. It is my fault that I didn't contact the lawyer to make alternate arrangements, but I had all I could do to get out of a horrible relationship and keep my job and sanity. Should have known better... I just received my judgement in the mail, and am mortified. I own my own house, and little else, and am trying to pay back credit cards debts from my past so I can hold my head up high. Is there any recourse for me here? The letter that came with the judgement wants me to outline all I own--my house, sporting goods, bank accounts, etc. I can't believe I was so stupid, and know my credit is still in a mess. I don't want to lose all I worked for, but realize I also acted irresponsible by hoping the debt would go away. Any advice? I just received the letter a few days ago, and am paralyzed, embarrassed and scared...


Asked on 2/03/02, 1:41 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Questions Re: Judgement Filed Against Me

Your house, your car, most of your sporting goods, and other personal property are exempt from levy and sale to pay the debt. Bank accounts are reachable, so I'd suggest that any surplus money you may have in your account gets put toward your mortgage or household, and then answer the questions. I'd also explain as best I could to the lawyer as to why you defaulted and see if you can get current and continue.

The key is to keep the lawyer aware of your personal situation.

Read more
Answered on 2/04/02, 10:38 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Texas