Legal Question in Credit and Debt Law in Michigan
seizing property over a credit card debt
can a plains clothe officer come to your home to collect on a old credit card debt , say to you that the courts has order to sieze property or pay the 1/2 the debt and then collect the rest in 30 days?
1 Answer from Attorneys
Re: seizing property over a credit card debt
It sounds like there was a judgment entered and that the creditor obtained a writ of execution. There are exemptions for personal property with respect and so forth (things they cannot take)with respect to a writ of execution. Also, they may not be able to take property that is in joint name with someone else, that belongs to someone else, or that has a lien on it by a party that loaned you money and used personal property as collateral.
If you owe and debt and can work out a settlement, that may be a good solution for you.
Good luck.
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