People should not be lulled into a false sense of finality because creditor has not pursued collection on an old, and mostly forgotten, judgment. Judgments in Pennsylvania can be collectible for years.
 |
Image courtesy of hywards
at FreeDigitalPhotos.net
|
Over the last few weeks, I have received calls from potential clients because a creditor with an old judgment has frozen a bank account with the intent to garnish the money in the client's account. One judgment was entered December 2004 and the Writ of Execution was issued in December 2023. The people I spoke with about this issue were shocked the creditors and judgments came back for collection after being so quiet for so many years. I get a sense creditors are starting to ramp up after this long COVID collections break. Debtors should not assume a judgment debt just "went away." A bankruptcy case may help you deal with these old and dormant debts.
If you want assistance, legal representation, or just want to know more about Mark Medvesky or our firm Medvesky Law Office, LLC at http://www.medveskylaw.com/
#bankruptcy #Chapter7 #Chapter13 #MontgomeryCounty #lawfirm #BucksCounty #Pennsylvania
