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Valid judgments remain on the debtor's credit report for seven (7)years. They cannot be expunged before that time. If the debtorpays or settlesa standing judgment it will be marked"satisfied" itwill, however, remainfor the required time limit.
Most judgments are renewable. When a judgment is renewed it can be reentered on the judgment debtor's credit report. If that happens it will remain for another seven (7) years until paid. This is only one of several reasons why judgment/liens are extremely damaging for a judgment creditor.
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Will filing chapter 7 bankruptcy get rid of a credit card judgment?
Yes. It is the most common reason for filing for bankruptcy. If the judgment creditor had an execution issued and attached any equity in your home, you may have a problem.
What is an outstanding judgment?
A judgment is a court order giving a creditor or someone who is owed money (such as money that was borrowed from a friend) the legal right to collect the debt in accordance with the laws of the state. The term "outstanding" indicates the judgment has not been paid or settled, but is still valid. A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.
How long to you have to pay a judgment made against you in pa?
Anytime that you have a judgment on you no matter where you are you have to pay it. There are some instances where you may not have to but it don't matter if you are in PA or LA a judgment is a judgment.
What is the difference between a summary judgment and a default judgment?
Basically, a default judgment is something you did NOT argue about in court by filing answers to the Summons and Complaint, and the Summary Judgment is something you did argue about IN COURT.
What should you do if a judgment is 6 and a half years old and you do not know if it will be renewed?
A judgment creditor seldom lets a judgment lapse. That would mean the entire process of filing a lawsuit and being granted a judgment wasted effort. The only option of the debtor is to pay the judgment amount or reach a settlement agreement of some type with the judgment holder.
Will filing chapter 7 bankruptcy get rid of a credit card judgment?
Yes. It is the most common reason for filing for bankruptcy. If the judgment creditor had an execution issued and attached any equity in your home, you may have a problem.
How do you get rid of a judgment that was put on your credit report because you were a defendant in a law suit that resulted in the Plaintiff's favor?
The judgment will remain in the Public Records section of the credit report for seven years. In some instances a judgment can be renewed,if so, it can remain on the credit report indefinitely. There is nothing that can be done to have the data removed from the CR before the required expiration date.
How do you get rid of eviction on your credit report?
Eviction judgments are removed after the required 7 years have elapsed. In some instances, if the eviction resulted in a judgment and said judgment is renewable it can be reentered on the debtor's CR when renewed.
Will bankruptcy get rid of a judgment?
Yes, but if the judment has been secured (meaning the creditor has put a lien on the property) then the lien survives the BK, unless there is a motion to avoid a lien.
Who is the grantor in an abstract of judgment?
In an abstract judgment the grantor is the judgment creditor. The grantee of the abstract judgment is the judgment debtor.
What happens if one company has a judgment an sells that part of the comany to another?
That's pretty simple to answer: Judgments don't go away because a company is sold or even goes out of business. The successor to the company or its assets has the right to pursue collection of the judgment. Occassionally you can get rid of the collection efforts and the judgment if you protest it on the basis that you were not given advance warning that the company was seeking the judgment. This is a legal matter that should be discussed with an attorney. Your rights may vary from place to place. However, if the judgment is discharged because you were not so warned, the new company may decide that it is not worth the time, cost and effort to obtain a new judgment.
Can they seize your property in a different state from were the judgment was made?
For a state court judgment, no.For a state court judgment, no.For a state court judgment, no.For a state court judgment, no.
Can a car be reposessed after judgment?
Whether or not a car can be repossessed after a judgment depends on the judgment.
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 an outstanding judgment?
A judgment is a court order giving a creditor or someone who is owed money (such as money that was borrowed from a friend) the legal right to collect the debt in accordance with the laws of the state. The term "outstanding" indicates the judgment has not been paid or settled, but is still valid. A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.
How do you put a lien on someone who has not performed services promised?
Generally you must sue them in court, obtain a judgment in your favor and obtain a judgment lien.Generally you must sue them in court, obtain a judgment in your favor and obtain a judgment lien.Generally you must sue them in court, obtain a judgment in your favor and obtain a judgment lien.Generally you must sue them in court, obtain a judgment in your favor and obtain a judgment lien.
When was The Judgment created?
The Judgment was created in 1912.
