The person to whom you owe the money would need to file a document with the courts notifying them the judgment was satisfied. I would then suggest that you keep copies of these documents also since old debts some times have a bad habit of popping back up.
Yes, after a judgment has been granted against you
yes, all you can do is get a judgment against them should you prevail, you may never see a penny, but the judgment will damage their credit and reputation
When the vehicle is recovered, it is taken to a lot, inventoried, and eventually taken to auction. The amount received at auction is applied to the amount owed, including repo fees and collection fees. In the event the lender obtained a judgment against you for the unpaid balance, they have 10 years from the date the auction proceeds were applied to the loan. If there is no judgment, they have 7 years.
Yes! They can take you to court. If they get a judgment against you they can then garnish your wages. You will be responsible for the money owed, any and all interest, collection fees and court costs. Any amount unpaid will still accrue interest, even if your wages are garnished.
The lender will get a judgment against both of you and collect from whomever has the money.
Yes, but only for back child support and unpaid federal taxes.
It depends on the details. If the business was incorporated and the judgment was against the corporation the creditor can only take business property and assets. If you owned the business as individuals then a judgment creditor can take any of your assets to satisfy the judgment: bank accounts, vehicles, boats, equipment, real property, etc.
If you owe money and have a judgment against you, they can garnish your income.
A Judgment Lien is a lien placed on property by a creditor to recover a certain sum of money granted by a judgment awarded in court. The property can not be sold legally while the lien remains unpaid.
If you are not a company that reports unpaid debts to the credit bureau's, you can turn the debt over to a collection agency who does report. The other way is to obtain a judgment against them and it will automatically be reported by the courts.
If you owe it money and they sue you in court and win then yes, they can obtain a judgment lien against you that can be recorded in the land records.If you owe it money and they sue you in court and win then yes, they can obtain a judgment lien against you that can be recorded in the land records.If you owe it money and they sue you in court and win then yes, they can obtain a judgment lien against you that can be recorded in the land records.If you owe it money and they sue you in court and win then yes, they can obtain a judgment lien against you that can be recorded in the land records.
Yes, after a judgment has been granted against you
yes, all you can do is get a judgment against them should you prevail, you may never see a penny, but the judgment will damage their credit and reputation
When the vehicle is recovered, it is taken to a lot, inventoried, and eventually taken to auction. The amount received at auction is applied to the amount owed, including repo fees and collection fees. In the event the lender obtained a judgment against you for the unpaid balance, they have 10 years from the date the auction proceeds were applied to the loan. If there is no judgment, they have 7 years.
Yes! They can take you to court. If they get a judgment against you they can then garnish your wages. You will be responsible for the money owed, any and all interest, collection fees and court costs. Any amount unpaid will still accrue interest, even if your wages are garnished.
The judgment would have to be presented to the bankruptcy court. Wow! Who mentioned bankruptcy? This is a money judgment against a admin dissolved corp. If bankruptcy had been filed the judgment, if listed, would be discharged and worthless.
If your name is on the judgment, you cannot remove it and it will be on your credit report as unpaid until it is satisfied (aka paid). If you have a statement regarding the judgment in your divorce, you may have some success in contacting the credit reporting companies and sending them the information they require. Mind you, it may take some time and you'll probably have to follow up several times to be certain that they have taken care of the issue. If it is a real problem in what you would like to do, such as borrowing money, and nothing else will work, consider paying it off yourself by going to the court that issued the judgment and obtaining the necessary documents. If you get lucky, the judgment will have already been paid and just not reported to the credit reporting companies.