Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
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Question: “My first wife had many charge cardsand signed my name to some.There was a judgement entered against me in 1997 for 7000.00 dollars,now today I get a writ of execution, the amount now is 16,500.00 dollars, where they are going to levy my house. Is there any thing I can do?”
Answer: Unfortunately, the statute of limitations in Maryland to execute on a judgment is 12 years, which is probably why you’re getting the notice now after 11 years. As you probably know, a judgment automatically acts as a lien on a judgment debtor’s real estate if the judgment is filed in the same county where the real estate is located. If the judgment creditor wants to pay the costs associated with foreclosing on your house, then there is little you can do. Even if you file for bankruptcy, your house can still be used to repay your debts since Maryland doesn’t have a homestead exemption.
I wish I could offer you a way to get around this, but it sounds like you’re stuck between a rock and a hard place. Your best course of action will be to contact the judgment creditor and attempt to settle or attempt to set up a payment plan. The judgment creditor may be willing to work with you in order to avoid paying the legal fees to foreclose.
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I forgot to mentionthat I am not the only owner of this house, my mother put my name on it when my father passed away in 2003. My sister is also listed on the deed, does this make a difference. What will happen will they sell this house at auction for 16,500.
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