Default judgement question

[Angelshubby]

Hi all ...its great to be here

My Wife had 2 default judgements issued against her 2 years ago. These were by the same credit union. The credit union and judgements are in Virginia and she lives in Kentucky now. She was living in Ky when they were filed. We are not afraid of wage garnishment as we are self employed and not really worried about that part. What worries us is bank acct seizure. Is there a way that they can find out where we have our bank accounts? We have been banking with Wachovia. We want to open a savings acct but don't want to wake up one morning and it be frozen. Just wondering if they can track where you have your bank accts and if opening up an acct with another bank would help?

[chane]

I don't have much experience with this kind of thing, but it seems to me that they could easily find out. How much are the judgments for?

[debtexecutioner]

Hi AngelsHubby,

Were the lawsuits against your wife, in her name only?

All states have laws on garnishment - in Kentucky 75% of your wife's
income is exempt from garnishment and a $3,000 personal property exemption. Monetary judgments are on the books for 15 years in Kentucky.
Here are 2 simple things you can do to protect your bank account:

1. If the judgments are against your wife only, then open up bank accounts
in your name. A creditor cannot attach your bank account for your wife's debt.


2. You can add a second signatory: trusted family member or friend,
to protect your family in the event something should happen to you.
You can also have a signature stamp made and kept in your home safe.

What most consumers don't realize is that they have two different
credit histories: (1) is your annual credit report (2) is a special credit report
only available to banks, attorneys, and other creditors.
It has your life history on it. So a creditor can find any bank account
through name, DOB, and social security number.

Monetary judgments follow people not property, BUT once a creditor
has a judgment they can petition the court to attach the judgment debtor's
assets. There's more you can do, but time and space don't allow.
You might want to contact a local attorney, or if money is tight
call a local legal aide service - normally free or low cost based upon your income.

Sara Goodman
DebtExecutioner:cool: