Legal Question in Credit and Debt Law in Texas
If I am willing tomake payments, can a creditor still force a writ of execution?
I have a $4000 judgement against me for unpaid invoices. I am willing to pay off the debt in 18 months, but the creditor wants to be paid in full now or he will exercise a writ of execution and try and seize property of auction. I have no accounts or investments that can be seized, but I am worried that he will try and take household property or our extra vehicle.
What can I do?
1 Answer from Attorneys
Re: If I am willing tomake payments, can a creditor still force a writ of execut
The judgment creditor isn't obligated to take anything less than the complete judgment.
Most household property is exempt from levy and sale, plus miscellaneous personal property of up to $50,000 if a married couple.
You owe $4,000 as a matter of law, and I'm having a hard time with the "extra" vehicle.