Warrant in Debt?

Answer

A warrant in debt is served to someone who is being sued for a debt they have not paid. It is a summons to appear in court. In some jurisdictions, the warrant in debt is the first legal step toward garnishing the wages of the debtor.
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What Is a Warrant in Debt?
A warrant in debt is issued when someone fails to pay a particular debt. For example when a mortgage lender fails to receive money owed to them, they are entitled to take court action to recover that debt. A warrant in debt can be used as a court... More »
Source: www.ehow.com
Q&A Related to "Warrant in Debt?"
The lender is the person or organization that the debtor owes the money to. Once the legally binding contract between the lender and the debtor has been broken. The lender can file
http://www.ehow.com/facts_7198208_warrant-debt_.ht...
There is no warrant for nonpayment of a dept. People do not go to jail for nonpayment of dept any more.
http://wiki.answers.com/Q/What_is_the_debt_with_wa...
I wrote a report in 2010 covering venture debt in Europe: http://thebln.com/wp-content/upl... Venture debt terms are pretty standard as you can see here. What are industry-standard
http://www.quora.com/Why-do-venture-debt-shops-tak...
If they have a judgment they can freeze your bank account, garnish it, AND garnish your wages without taking you back to court. Its called a writ of garnishment. They can also use
http://answers.yahoo.com/question/index?qid=200812...
Explore this Topic
A Warrant in Debt is a type of summons that a person is served with that lets them know that they are to appear in court because they are being sued. This usually ...
A Warrant in debt is defined as a legal document which advises you that someone is suing you in court for a debt you owe them. You can either deal with the suit ...
1. Bring your statements and documents pertaining to the debt to the court with you. If you do not disagree with the amount the creditor is asking for they will ...
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