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Yes! The creditor is allowed to collect their attorney fees, sheriff/marshal fees, and court costs. These additional expenses are added to the debt and will be required to be paid before the debt is deemed satisfied.
Understand the Fees and other cost during the Debt Collection Process
Debts continue to bear various fees, costs and interests if you fail to make the proper monthly payment. As a result, your bill can increase significantly as you go through the collection process. This is true even if you make payments on the bill since the carrying costs against you can build up faster than any payment can reduce your bill. This is an important truth that needs to be addressed in an overall plan for comprehensive financial recovery.
Yes! In Connecticut a judge can award up to 10% post judgment interest which will continue to accrue until such time as the judgment is satisfied. This interest will often be paid first by payments and can substantially elongate the time needed to pay off the judgment.
The IRS has special enforcement powers that allow it to garnish your wages, execute on your bank account and attach a lien to your property for any outstanding tax debt. The IRS does not need to obtain court permission to take any of these special enforcement actions. Most taxpayers will receive a 30-day Notice of Intent to Levy prior to any of these special enforcement actions. You can stop an IRS garnishment, attachment and levy by filing a bankruptcy case.
Once a judgment has been entered against you a creditor can apply for a wage garnishment, bank execution, and/or judgment lien in order to collect directly from your employer, your bank account or your house.
Learn more about Wage Garnishments, Bank Executions and Liens
“My experience was a very positive one. Dealing with Neil Crane and his staff was the best decision that I could have made. Neil has helped me get back on a solid financial path. My case was a tough one and the Neil Crane Law Firm was the best Law Firm I could have chose.
Thanks for all the help. Now I can put all my bad choices behind me and move forward in my life.”
Mark Linhard
