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We are in financial distress with a credit card company due to illness and no one working in this household. We were just told it was going to legal for collection and that Alaska is a judgement enforcement State. Is this correct? and if so, if we don't have enough money to live on, how can they garnish anything, especially from our bank account?
Under certain rare circumstances they perhaps can take money out of your account. But they'd certainly need to obtain a judgment in their favor. You'll also get an opportunity to object to it. Some times a bankruptcy allows you to retain some of the money that you've lost due to such garnishment. But remember, that such judgments are rare and once they surface it's gonnabe difficult for you to earn it in your favor.