Q: Can/will credit card companies get a court order to place a lien on my potential newly purchased car?
I live in Arizona. During Covid I improperly managed my finances and developed a large amount of credit card debt ($30,000ish from about six credit cards). I defaulted on them and was sued by three credit card companies; all three won default judgments 2 years ago. One got a court order to withdraw money from my bank account however there was not enough money in the account to legally allow for withdrawal. I have not declared bankruptcy. I need to get a different vehicle (Current vehicle is valued at about $3,000) but I am concerned the credit card companies will find out if I finance one from the dealership. Can/will the credit card companies get a court order to place a lien on my potential newly purchased car and be able to take the car away later? Would a co-signer for the car financing change anything?
A: Anything you own or in your name is subject to the judgments snd liens granted to those creditors. You probably need a lawyer to help you negotiate these out.
As Attorney Denison suggested you should talk to an experienced attorney in order to determine your exposure and your rights. In Arizona judgments can be renewed repeatedly, also judgments attach to your home, whether you own one now or in the future. Bankruptcy may be a way to clean up your past and give you a fresh start.
Most consumer bankruptcy attorneys, including our office, offer a free consultation. Take advantage of that education now before making any decisions that don't help you in the future.
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