Matt S asked:


Hello. I just received notification that I am being sued by my credit card company. I stopped paying on this card about a year ago and thought I would just wait a couple years and settle. For various reasons, bankruptcy is not a good choice for me. My question is if they get a judgement against me, I know they can garnish wages and seize property, but I own a business and have no real property of value. Can they touch my business is my main question? I don’t think they can make me sell the business but maybe they can put a judgement against it when I do sell down the road? Looking to get some insight here before I speak with and pay a lawyer. Thanks! The debt is about 16K by the way.
OK I guess more details are needed. The credit was my personal credit card, not a card against the business. The business is doing well and definitely making it. My main question is can they put a lein against the business, which I’m sure they can. But I don’t believe any judge can force me to sell my business since it is my livelyhood. So I’m thinking there will be a lein against the business which when I sell (if I ever do) they can collect. Is my thinking correct? Anyone experience in this? It is set up as a sole proprietorship.

Matt S asked:


Hello. I just received notification that I am being sued by my credit card company. I stopped paying on this card about a year ago and thought I would just wait a couple years and settle. For various reasons, bankruptcy is not a good choice for me. My question is if they get a judgement against me, I know they can garnish wages and seize property, but I own a business and have no real property of value. Can they touch my business is my main question? I don’t think they can make me sell the business but maybe they can put a judgement against it when I do sell down the road? Looking to get some insight here before I speak with and pay a lawyer. Thanks! The debt is about 16K by the way.

Followup:

OK I guess more details are needed. The credit was my personal credit card, not a card against the business. The business is doing well and definitely making it. My main question is can they put a lein against the business, which I’m sure they can. But I don’t believe any judge can force me to sell my business since it is my livelyhood. So I’m thinking there will be a lein against the business which when I sell (if I ever do) they can collect. Is my thinking correct? Anyone experience in this? It is set up as a sole proprietorship.

S_Clark asked:


Can a student loan debt collecter put a lein on a person’s house in the state of TX?
If the loan is in default can a lein be placed?