can creditor execute a judgement on personalassets of the soleproprietor even though debt's for s.prop busines
609020
Even if the business is incorporated, personal assets can be at risk. As many creditors ask for personal guarantees to be signed.
56315
If you are found liable for the injuries of the other person, then you are liable for that amount.  If they get a judgment against you for $1.5M, then they can go after your house, your business, your personal property, 401(k), etc.  If you don't have the money or don't own property, you are considered "judgment proof."  Some people might consider going into bankruptcy after taking such a hit.
356245
It may depend on your state, but I don't know that you can put a lien.\n\nYou need to go to court.  Let them help you enforce the arrearage owed.  They may be able to require the liquidation of assets, depending on the amount owed.  \n\nOther likely outcomes would be a garnishment of wages and tax refunds.  If the person owns real property, I am assuming they have a traceable job.\n\nBut even if your state allows a property lien, you will need the help of the court to enforce the order and collect on the arrears if they are not voluntarily being paid.
792019
If you are in a Chapter 7 they can take certain things but usually not all your personal belongings. \n\n\nRead this page: \nhttp://www.expert-credit-advice.com/bankruptcy_facts.htm
558486
Yes.  The legal debts of the estate.  Only if the estate has assets.
877661
if you have a house or any joint property the creditor can place a lien, the best thing to do is what you said contact the collection agency and offer them a cash settlement some take as little as 15% as a cash settlement MAKE SURE YOU KEEP PROOF OF PAYMENT collection agency don't like reporting to credit bureaus so a lot of times that debt will still show up years after you have already paid it
1118899
Yes.  Now that they have a judgement they can "execute" on it.  They could ask for a court order garnishing your paycheck; they could have the sheriff confiscate your cars and put them up for auction; or they could put a lien on your house and then have the lien foreclosed and put up for sale.  In the case of cars and houses, whoever owns the first loan gets paid first, then the credit card company gets paid, then you get what's left.  To make it worse, they will add legal fees and auction/foreclosure fees to the bill if they have to do this.  You have two choices: either file for bankruptcy, or else refinance the loan on your house to get the extra money to pay off the judgment.  You should never have missed the court date.
451112
once you have the judgment get a certified copy and record it in the county where he lives, you can file for a writ of execution to seize property but you will need an attorney for that, also send a copy to credit reporting agencies if you cant get your money at least you can F**k with his credit
1170866
in a judgement... \n\nonce a dollar amount has been proven... there are many ways to get that money...\n\nTaking from your checking account is not one of them.\n\nThey can put a lien on your property... or attach your wages at work... however.\n\nAnd of course they can totally RUIN your credit score.
554421
All his assets are part of the estate.  If you abandon it, the state has laws that determine who "takes" and in what order, and those will be applied in the same manner as bankruptcy.  For instance, the mortgage company is the first taker on the property.  Why?  B/c they are 'secured' having filed a document with the state that 'secures' the debt.  that is why you will hear credit cards referred to as 'unsecured debt' - b/c no asset secures the debt.  If you want to abandon it, go ahead.  But, having visited his property, you might have problems with creditors saying you took assets away.\nAnd no, you do not need to have a lawyer to clean up the mess.  I do not know how exactly to deal with all of that, but I would at least send copies of the certificate to the credit reporting agencies (addresses available at the FTC's website).\nIf you are named executor in his will, you can refuse, but you might need to file an appearance with a local probate court - though note that 'an appearance' means filing a document, not actually appearing.  I would check with a lawyer on this brief matter, b/c that might make you open to personal jurisdiction, which you don't want.
1003840
Not unless the debt was co-owned by you and your mom. If the estate is in probate and you are the personal representative of the estate, you are protected by the court from that kind of action. You do not own her debt. Her creditors must address their concerns to the estate, not you personally.
578237
His estate is liable for it.  If there's an executor, they may be bound to settle the debt, depending on the agreement grandfather entered into when the debt was created.  You should consult an attorney.
543198
My guess would be that the judgement will create the CCJ, without regard as to how quickly you pay up.  Speak to an attorney for advice specific to your case.
74584
If you've discovered all you can about the defendant's assets but can't convince him to part with any, the law has more drastic remedies up its sleeve: \n\nGarnishment. If the deadbeat has a job, or a checking or savings account, you can "garnish" assets from any of these. Garnishment allows a creditor to claim money owed and set up a payment plan. For instance, a portion of the debtor's weekly paycheck could be earmarked by his employer to be paid directly to the debtor. Things which can't be garnished include unemployment checks, social security payments, workman's compensation and welfare benefits. \nLiens. If the judgment debtor owns any real property, you can file a lien on it through the Court Clerk's office, with a copy to the County Treasurer's office. When the property is sold, you recover the amount owed. Liens need to be renewed every five years. \nWrit of Execution This is a more drastic remedy whereby a judgment creditor can seize the judgment debtor's property, get it appraised, and sell it to satisfy the judgment. If you're planning to have the deadbeat's yacht sold at auction, you'll pay incidental expenses incurred to get to that point, but can normally recover expenses
374469
you can't get rid of a judgement until you pay it
485915
In a small claims court, you are limited on the things you can do.  One is try to put a lien on any of his property until he pays, or try to go back to court and liquidate his assests.  Another thing you can do is report to the credit bureau's that there is an unsatisfied judgement against him.  This will keep him in financial hurt for loans, credit (personal and business), renting, etc..  But you will have to renew the report every 6-12 months.  Also, you can see if you can get an garnishment against future employment.   That is about it.  Oh there is one other possibility, but not for sure it will work.  You can go to some of these collection companies and see if you can get them to try to collect for you but they cost lots of $$$$$.
1141529
Go back to the same court that issued the judgment.  You  can ask the judge for a writ of garnishment, or a lien placed on any real property that the person owns.