Legal Question in Credit and Debt Law in Virginia
Judgment
My friend has a default judgment in Virginia- she has no home, car or job- however she does have a money market account(this is all she has) can the courts seize this to satisfy a judgment for a credit card debt??
2 Answers from Attorneys
Re: Judgment
Hello,
I do not know the law of Virginia. However, that state may have a rule that permits recovery based on the size of the account. If it is 250 dollars, maybe not. If it is 10,000, probably so. However, dont go by these numbers. She needs to check Virginia law to see if there is such a dollar limit on what can be claimed, and if so, what it is. Good luck, Mark J. Mahoney
Re: Judgment
Yes, if the creditor has received a valid judgment
against your debtor friend, the creditor may levy against or attach her money market fund to satisfy the judgment if the asset can be located.
It is the creditor, however, and not the court,
which actually carries out this action against the judgment debtor.
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