Thank you for your question.
As long as your occupy your residence as your primary residence, it will qualify for the $30,000 California homestead exemption. [38-41-201; 38-41-201.6]
To protection your home, you may want to file a Homestead Declaration which is a legal document which can help to protect your house and property. You should be able to obtain a copy of the form from the County Assessor's office.
In order to have your wages garnished, your creditor would send paperwork to your employer to find out how much you make. In the event that you are unemployed, due to your lay off, you may not have wages to be garnished.
Your creditor is only able to obtain one judgment against your for this claim. Therefore unless they are suing you for another reason, it is unlikely that your creditor will be able to obtain additional judgments against you.
Apart from owning a home, it sounds like you may be fairly judgment proof. You may want to consult with a local bankruptcy attorney who can evaluate your financials with you to see whether bankruptcy is a feasible option for you.
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Sorry. The information applies to Colorado not California, had the wrong state on the brain. The homestead exemption in California is larger than $30,000.
Other creditors have the ability to take a judgment against you. Since everyone has to go through the same process to get their money from you, it is really a matter of the first creditor is first in line. The next creditor may put liens on your assets which are secondary to the first creditor. Then each lien or garnishment is satisfied in the order in which it is placed against you.
I cannot argue whether the debt management company agreement should be terminated, it may depend on the penalty you face for terminating the agreement. However, if you feel the debt management company is not working in your best interests than perhaps you can do a better job of negotiating on your behalf. It sounds like you have done a pretty good job already! Although your creditor has no obligation to negotiate with you, you may be surprised how many creditors are willing to work something out with you.
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