Is Equable Ascent Financial LLC still in business?

Is Equable Ascent Financial LLC still in business?

Business ProfileforEquable Ascent Financial, LLC Believed to be out of business: According to information in BBB files, it appears that this business is no longer in business.

Who bought Equable Ascent Financial?

1. Equable Ascent Financial, or Hilco, having purchased the debt from Chase, never returned the debt to Chase and instead sold it off to another debt buyer – Midland Funding.

What happens when you get a judgement against you in Texas?

When a creditor gets a judgment against a debtor, the creditor has to take steps to get the judgment paid. This is called execution. The things that are taken are sold to pay the judgment. The Texas Property Code sets out the kinds and amounts of property that can and cannot be taken to pay a judgment in Texas.

What assets are protected in a lawsuit in Texas?

Texas law itself provides a substantial amount of protection for certain assets. In most cases, these include your homestead, a specific amount of personal property, retirement accounts, 529 college savings accounts, life insurance and annuities.

What happens if you lose a lawsuit and can’t pay in Texas?

If you are sued and can’t pay, the creditor can get a judgment in court against you for the money you owe, plus interest. If your income and property is exempt, then you have nothing the creditors can take from you.

Can I lose my house in a lawsuit in Texas?

Can a Creditor Take My House? A creditor in Texas cannot take your primary home away through a judgment on real estate or other judgment enforcement efforts.

Can they garnish my bank account in Texas?

Writ of Garnishment in Texas Once you have a judgment against you, creditors can garnish your bank account in Texas. They do this with a Writ of Garnishment. They cannot garnish your wages but once you deposit your paycheck into the bank they can freeze your account with a valid judgment.

Can a collection agency sue you in Texas?

Third-party debt collector (a debt collector who is not the original creditor) generally cannot sue in Texas without filing a bond with the Texas Secretary of State.

What happens when a debt collector sues you in Texas?

If you own a house or land in Texas, a creditor who sues you for debt and wins can place a “judgment lien” on your real property. If you sell the property, they may be able to take the money they are owed from the proceeds of the sale.