Collections Law Firm for Columbus, Seymour, Nashville, Franklin and Greensburg, Indiana.
Debtor-creditor law governs situations where one party is unable to pay a monetary debt to another. There are three types of creditors: (i) those who acquire a lien through statute; (ii) agreement between the parties; (iii) or judicial proceedings against a particular piece of property.
Creditors use judicial and statutory processes to have debts satisfied. Attachment is a limited statutory remedy whereby a creditor has the property of a debtor seized to satisfy a debt. Garnishment allows a creditor to collect part of a debt (for example wages) to satisfy the obligation. Replevin allows a creditor to seize goods, such as a security interest, that he or she has a property interest in, to satisfy the debt. Receivership involves the appointing of a third party by a court to dispose of the debtor’s property in order to satisfy the debt.
With offices conveniently located in Columbus, Indiana, Thomasson, Thomasson, Long & Guthrie, P.C. serves clients throughout South Central Indiana, especially Bartholomew County, Jackson County, Jennings County and Decatur County, including the towns of Columbus, Seymour, North Vernon, Nashville, Franklin, Brownstown, Greensburg, Morgantown and Martinsville.
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