If someone has a deficiency judgment and then inherits a substantial sum, can creditors go after them?
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If someone has a deficiency judgment and then inherits a substantial sum, can creditors go after them?
Asked on June 12, 2012 under Bankruptcy Law, Illinois
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Yes, assuming there is any kind of a judgment against a person be it a deficiency judgment or not, the judgment creditor can seek to levy upon the judgment debtor's assets and garnish his or her wages to satisfy the judgment.
In the situation that you are writing about, the inheritance that the judgment debtor received would be subject to levy by the judgment creditor.
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