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Broker breached contract but won a judgment against us in a court of law. Is there a statute of limitations on that judgment.?
Wiki User
∙ 9y ago
There is no statute of limitations on a judgment. The only way a judgment can be satisfied is to pay the debt and then it will be removed from your credit report.
Wiki User
∙ 9y ago
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Does a contract with an attorney end after the judgment has entered against you?
No.
I was never notified that I was to begin making payments on my student loan now it went to a lawyer and am being sued what can I do?
Try to make a payment arrangement before they get a judgment against you. If you didn't directly notify them of all address & enrollment changes, you breached every student loan contract I've ever read.
Contract breached or void?
A contract is breached when one of the parties violates its terms. Breaching a contract sometimes voids it but not always since it is usually at the option of the innocent (non-breaching) party to choose not to regard the contract as voided. Also, the contract may commonly specify that breaching of some terms does not void other terms of the contract. A contract is void when it no longer has any force. This can be because it has lapsed because of time, because the conditions have been fulfilled, because it was against public policy to begin with or because the terms state that it is void if one of the parties breaches one or more terms of it.
How long does the statute of limitations in Illinois allow an unpaid judgment against you to remain on your credit report?
20 years. Based on this page: http://www.creditrepairkitsoftware.com/jugdemen.html
Is a judgment against the person or property?
A judgment can be against either the person or their property. A personal judgment is against the individual's assets or income, while a lien on property is against the person's property.
If you have a judgment against you and you die do the judgment disappear?
No, it is levied against your estate.
What happens when a collection agency does not honor a settlement agreement?
If this occurs, then they may have violated the Fair Debt Collection Practices Act, or they may have generally breached a contract with you. If the violate the Fair Debt act, then you have a lawsuit against them.
Is a judgment against everything that you own or are judgments against specific things?
A judgment is against specific things.
Do you have to report a judgment against you to the IRS?
Can someone collect my income tax return for a judgment against me
What happens when the statute of limitations on a debt expires while the creditor is in the process of obtaining a judgment?
If the lawsuit was filed before the expiration of the state's SOL then the suit is valid and a judgment award would be valid and could be executed against the debtor according to the laws of the debtor's state.
Can you file bankruptcy on a fraud judgment?
If there is a judgment AGAINST you for fraud, then NO, such a judgment WILL NOT be discharged.
What is the statute of limitations on getting a judgment against you for a car repossession and how can you find out if it has already been done?
Call a LOCAL attorney for state specific advice. Check at your local courthouse for the judgments records.
