Legal Question in Credit and Debt Law in Massachusetts
Credit Card
I own a home and have 2 vehicles. I became disabled last Nov. and am unable to work anymore. Can a judgment against you from a credit company take personal property such as my car, one of my cars, put a lien on my home? I have been making pymts of $25 a week and they have been accepting it. It is in collections. Can they do any of the above mentioned?
1 Answer from Attorneys
Re: Credit Card
Pursuant to Massachusetts General Laws, Chapter 235, Section 34, a judgment creditor cannot levy upon your automobile (up to the amount of $700) if it is necessary for personal transportation or to secure or maintain employment. Further, pursuant to Massachusetts General Laws, Chapter 188, Section 1, a judgment creditor cannot levy upon your principal residence up to the value of $500,000 providing certain conditions are met and no exclusion contained within the statute applies.;)
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