Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
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In the event that you do nothing, your creditors will be able to sue you. In the event they obtain a judgment against you, they may be able to execute the judgment by attaching the judgment to your assets, putting a levy on your bank account and/or garnishing your wages (depending on the laws of your state). In addition to the delinquent debt, the judgment will also be reported on your credit.
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