Has anyone heard of something called a "Hearing of Assets"?

[GoingDown]

I've heard that after a credit card company gets a judgment against you, they can file for a "hearing of assets" and subpeana you compelling you to appear before a judge and disclose personal information about yourself including what your income is and what, if any, assets you have in your possession, and if the judge thinks you have enough assets and/or income, he can then order you start making payments to the credit card company, or else, you will be in contempt of court and then put in jail. It sounds a wee bit like a modern version of "debtor's prison" to me. Is this true? Can they really do this? Or this a very rare and unusual thing that they hardly ever do?

[bkfiler]

yes it can happen. jail? im not sure. i know we can do this for small claims court. but its easy to change the status of those accounts after you show up. change the bank account, change jobs, change whatever. there is nothing they can do if you change it afterwards.

is this for bk? or for superior court? go online and read your rights. i know tha tin small claims if they dont show up then a warrant will be issued but that only gets dealt with if you get pulled over.

[Minnymouth]

In Ky if you are served a soepena (can't spell) to appear in Court, you don't, a bench warrant is issued for you........ then they go on the hunt till they locate you - arrest you - you stay in jail till you see the Judge.......

Georgia has the same laws.....

Bench warrants are good in both small claims and superior court..... in most states.

In a lot of small claims issues - you are granted an automatic judgement if the other party fails to appear and a bench warrant is also issued for them for failure to appear.....