Q: My husband has about 25K in unsecured credit card debt he cannot pay. I understand that the credit card company may file
and receive a judgment but all of our assets are joint. Will they be able to collect ?
A: Judgments against an individual are only enforceable against assets held by that individual. In North Carolina, real property of married couples is held as a tenancy as the entirety, so the judgment will not attach to this real property. However, other joint assets may be sold or seized to satisfy the judgment. Bank accounts and vehicles are possible to be seized and sold to satisfy the judgment.
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