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Is judgment proof legal in Kentucky?
"Judgment-proof" means that even if a plaintiff obtains its civil judgment against its defendant, the defendant has no assets from on which the court can levy in proceedings in aid of execution to satisfy the judgment. It also generally implies that as a result the defendant is not worth being sued, because the possibility of ultimately recovering a money judgment is nil.Added: There is no such legal principle as judgment proof. It is not a defense to a lawsuit. One can obtain a judgment against a defendant, regardless of the ability to collect the judgment. Plaintiffs often choose to proceed against defendants who appear to be judgment proof because they believe that the defendant will eventually have assets or income against which to collect.You are correct. The status of being judgment-proof is as a matter of fact and not a matter of law. Which is why I used the word "implied" and not the word "holds". Therefore, it is legal to the extent that as a matter of fact the judgment cannot be satisfied.
What does execution of judgment is stayed until final payment is received at which time judgment will be deemed satisfied mean and will the judgment actually be filed as to reach my credit report?
The statement, "execution of judgment is stayed until final payment is received at which time judgment will be deemed satisfied" means that the judgment will be held against you until the debt is completely paid off. You can then get a letter of clearance to have the judgment removed from your credit report. Most debts will remain on a credit report for 7-10 years, even after they have been paid and satisfied.
How can you get a 'satisfied' judgment removed from your credit report?
To get a 'satisfied' judgment removed from your credit report, you can contact the credit reporting agencies and dispute the information. Provide any documentation that shows the judgment has been satisfied. You may also need to reach out to the creditor or court that issued the judgment to request that they provide confirmation of its satisfaction to the credit bureaus.
If you satisfy a judgment today that was filed in 99 in AL how long will it show on your credit report?
A satisfied judgment can typically stay on your credit report for seven years from the date it was filed. Even after it is satisfied, it may still appear on your credit report for the full seven-year period, but with a notation stating that it has been paid.
How does a satisfied judgment that was filed on a property rented get removed from a credit report?
Once you have satisfied a judgment on a property that you rented, you can request that the credit reporting agencies update your credit report to reflect this satisfaction. You will need to provide evidence of the satisfied judgment, such as a copy of the court order or documentation from the creditor. Contact each credit reporting agency directly to initiate the process.
How do you get a judgment satisfied that has already been settled?
You should go to the court that issued the original judgment and inquire about a 'judgment satisfied' document that could be recorded in the land records.
How do you get satisfied judgment?
A judgment can get satisfied by a wage garnishment. A judgment can also be satisfied by a levy of property. An attorney can help you file the proper paperwork.
How do you get a judgment satisfied?
A judgment can get satisfied by a wage garnishment. A judgment can also be satisfied by a levy of property. An attorney can help you file the proper paperwork.
Is judgment proof legal in Kentucky?
"Judgment-proof" means that even if a plaintiff obtains its civil judgment against its defendant, the defendant has no assets from on which the court can levy in proceedings in aid of execution to satisfy the judgment. It also generally implies that as a result the defendant is not worth being sued, because the possibility of ultimately recovering a money judgment is nil.Added: There is no such legal principle as judgment proof. It is not a defense to a lawsuit. One can obtain a judgment against a defendant, regardless of the ability to collect the judgment. Plaintiffs often choose to proceed against defendants who appear to be judgment proof because they believe that the defendant will eventually have assets or income against which to collect.You are correct. The status of being judgment-proof is as a matter of fact and not a matter of law. Which is why I used the word "implied" and not the word "holds". Therefore, it is legal to the extent that as a matter of fact the judgment cannot be satisfied.
What does execution of judgment is stayed until final payment is received at which time judgment will be deemed satisfied mean and will the judgment actually be filed as to reach my credit report?
The statement, "execution of judgment is stayed until final payment is received at which time judgment will be deemed satisfied" means that the judgment will be held against you until the debt is completely paid off. You can then get a letter of clearance to have the judgment removed from your credit report. Most debts will remain on a credit report for 7-10 years, even after they have been paid and satisfied.
Can a lanlord still withdraw a case that has been entered as a judgment by default?
No. The judgment has been entered and stands. But your landlord can report to the courts that the judgment has been satisfied which will take it off the open books.ANOTHER VIEW: If YOU are the landlord, you can file a motion with the court to 'vacate the finding' in order to nullify it.
How long does a judgment last in Pennsylvania?
Until it is satisfied or vacated.
Is a Domestic Judgment renewable in Mississippi?
No, a domestic judgment is not renewable in Mississippi. Once a judgment has been entered, it is enforceable for a period of 7 years. If the judgment is not satisfied within that time, the creditor may seek a writ of execution to collect on the judgment.
How can you clear a civil judgment when the creditor will not sign off?
Return to the court that ordered the judgment and present evidence that you have satisfied the debt. ALSO, while you're there, if you have satisfied the requirements of the judgment, ask the judge to find the creditor in Contempt of Court for failing to release you.
What is proof can i use for a title company that a judgment has been paid?
A letter from the collection company or creditor who reported it or a lien release form if the judgment was placed in lien against property.
How long does a small claims court judgment stay on your record in Georgia?
A small claims court judgment stays on your record permanently unless it is satisfied, then it will probably still be there but show satisfied. Most people do not look at a judgment if it is over 7 years old.
Is social security disability judgment proof in Missouri?
Social Security Disability and Social Security is judgment proof from debtors in all states.
