A judgment is a court's final decision in a lawsuit. When a creditor wins a judgment against a debtor, the latter is legally obligated to fulfill the court-mandated requirements. These may include ...

Social Security benefits are legally protected from creditors, but only certain ones. Here's what's off-limits.

On February 3, the U.S. Court of Appeals for the 7th Circuit vacated a lower court’s dismissal of a federal consumer protection lawsuit and remanded the case for further proceedings. The plaintiff had ...

A debt collector may be able to freeze your bank account, but if it's a joint account, the rules get complicated.

Key Takeaways Approximately 80% of small claims court judgments remain uncollected, though when collection is successful, creditors typically recover 30-60% of the awarded amount. Winning a judgment ...

Nigeria escaped by the skin of its teeth late last year when a London court struck down the controversial judgment debt it owed to an Irish firm, Process and Industrial Developments Limited (P&ID), ...

Self-employed workers aren't immune to collection efforts, but garnishment works much differently in these cases.

An economic analyst has called on the John Dramani Mahama-led administration to prioritise measures to minimise judgment debts, as part of broader efforts to achieve fiscal discipline. The analyst ...

This week, the U.S. Court of Appeals for the Seventh Circuit issued a decision reversing a summary judgment order in a Fair Debt Collection Practices Act (FDCPA) case. The court found that there were ...