If all your assets and income are protected by law from a creditor who obtained a judgment against you - you are judgment proof.
Your individual state laws determine what property is protected from a creditor. For example, in Texas a creditor, such as American Express or Discover, cannot take your homestead to pay the [...]

The short answer is yes.  In Texas, ad valorem  (property) tax liens are both constitutional and statutory.  Further, they are given an automatic priority over the mortgage companies lien.  On January 1 each and every year a tax lien automatically attaches to your property.  Further, if any taxes are delinquent on your property when you [...]

In order to get money from people who owe debts, bill collectors are telling people to refinance their home, take out a second mortgage, borrow against their 401k (or other retirement plans), borrow from relatives, and so on.
One client had a creditor tell her she had $xxxx.xx amount of available credit on the credit card [...]

After a vehicle is repossessed, the lender usually auctions it off.  If the lender sells the vehicle to someone else, the auction proceeds will be applied to the outstanding balance on your loan, the auction fees, the repossession fees, and storage fees.  Usually, there is not enough money to pay these fees in full - [...]

Consumer debt is an all-time high.  The cause may be the result of an illness, unemployment, or over-spending.  Whatever the reason, it can be overwhelming.  But don’t get tricked by offers of quick fixes.  While many ads pitch the promise of debt relief, rarely do they spell out that what they are really offering is [...]