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A creditor who has not been paid may seek a money judgment against their debtor. Once it is awarded, the creditor can ask that the court garnish that person’s wages. Going forward, a percentage of their paycheck is given to the creditor until the debt is paid. The person’s employer is required to comply. Wage…

Life insurance is purchased for many different reasons. These might be used to bury a loved one, or a policy may be in place as a sort of financial inheritance for a loved one. Sometimes, they could be used to pay off debts held by the policyholder. Often life insurance policies benefit a spouse. This…