Debt Relief:Definitions: Difference between revisions
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===Sue or suit=== | ===Sue or suit=== | ||
* The | * The creditor takes legal action against you to get the money owed | ||
===Liens=== | ===Liens=== | ||
Revision as of 21:34, 14 November 2004
Definitions and Common Terms
Garnishee or Garnishment
- A creditor legally takes money from your paycheck.
Sue or suit
- The creditor takes legal action against you to get the money owed
Liens
Liquidation
Consolidation
Bankruptcy
*Chapter 7
*Chapter 13