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Is compensation for an injury considered an asset that can be taken in a judgment against the person who received it?
Wiki User
∙ 18y ago
It depends, some states have laws that protect funds garnered from a personal injury award from attachment/seizure by creditors. If the judgment concerns a lawsuit that involves damage to personal property or personal injury the funds are generally not exempt from seizure by the winning party, but are viewed as private assets/income. However, there may be contributing factors, one would be if the original award pertained to a permanent disability.
Wiki User
∙ 18y ago
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Can you file bankruptcy once a judgment is entered against you in the state of Pennsylvania?
Yes, but the judgment may not be discharged in BK without compensation.
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?
This statement means that the enforcement of the judgment will be postponed until the final payment is made. Once the payment is received in full, the judgment will be considered satisfied. While the judgment may still be filed on your credit report, it should reflect that it has been satisfied once the payment is received.
Can a doctor or hospital take a portion of you compensation settlement for an outstanding bill?
Yes, if you have a judgment against you the money you owe can come from any source that you may have.
Can you write off a judgment on your taxes?
I assume the judgment is against you. If you held the judgment, you will have received money and that may or may not be income. If you pay a judgment against you, whether or not you can "write it off" will depend entirely on what kind of judgment it is. Also, you may be able to write it off for state tax purposes but not federal and vice versa. Usually, paying most judgments does not affect taxes.
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.
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
Can you file a judgment against a person without a lawyer?
Yes, it is called Pro Se, you can file a civil complaint against someone and the judge will determine whether a judgment in your favor will be granted, it is up to you and not the court to enforce 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.
Can a judgment be against you?
Yes.
Can a trust's property be taken if one of the trustees has a judgment against him?
A judgment against the trustee in his individual capacity will not affect the trust property. A judgment against the trustee as the trustee will become a lien on the trust property.
