Essay
Bob owes an unsecured debt of $10,000 to a credit card company.Bob stops making payments.The credit card company gets a judgment against him for $10,000.Bob owns a personal watercraft worth $4,000,he earns $500 per week at his job,and he has a savings account at a local bank with a balance of $2,000.Discuss the concepts of attachment,execution,and garnishment,what steps the credit card company could take to get its money,and any protections Bob has under the Consumer Credit Protection Act.
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Attachment is a pre-judgment court order...View Answer
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