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Is there a time limit to collect on a SEC judgment against someone who defrauded you and has been ordered to make restitution?
Wiki User
∙ 17y ago
Federal judgments are generally valid for ten years from the date they are docketed.
Wiki User
∙ 17y ago
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Do you have to report a judgment against you to the IRS?
Can someone collect my income tax return for a judgment against me
A creditor won a judgment against me and the estate of my marriage for a debt incurred prior to my marriage can my husband's wages be garnished to collect on this judgment?
If the husband was not liable for the debt, then his wages cannot be garnished to collect on the judgment. The judgment is against the person who incurred the debt.
If an attorney receives a judgment against you how does he collect if you own no assets?
Garnish your wages.
We have a small claims judgment against a person and that person dies how do we collect?
YOU SUE THE ESTATE
What legal action can be taken for an unpaid bill?
You can hire a collector to collect it. You can also ask the court for a judgment against the debtor which give s you a legal right to collect it.
Can a court act as a collection agency for a third party?
Courts do not collect debt owed when it pertains to a civil judgment. In civil cases the judge orders a judgment to be entered against the debtor, the judgment creditor uses the judgment in whatever manner is allowed by law to collect the debt. Example, the creditor receives a judgment in a civil suit, then files the judgment as a wage garnishment against the debtor, the judge signs the garnishment order and the sheriff or other officer of the court serves the garnishment order on the employer of the debtor.
How does a lender get a judgment against you for a loan when they repossess a car?
You owed more money than the car was worth and they wish to collect the balance.
How long can a debt collector collect a debt from a judgment if you have moved to South Carolina?
In South Carolina, a debt collector has 10 years to collect a debt from a judgment. This time frame starts from when the judgment is entered. After the 10-year period, the debt may no longer be enforceable unless it is renewed through legal actions.
Can a credit card company put a lien against you?
A lien cannot be placed against an individual in reality. However, a judgment creditor such as a credit card company can place a lien against real property owned by a judgment debtor. The judgment creditor can take other steps as well to collect the debt, an example would be income garnishment.
If you are the co-signer and the primary defaults what happens if you do not pay the loan back either?
The lender will get a judgment against both of you and collect from whomever has the money.
How happens if defendant has no assets?
If the defendant has no assets, they may not be able to pay a monetary judgment against them. In such cases, the plaintiff may not be able to collect on the judgment unless the defendant's financial situation changes in the future.
What happens to judgment when the plaintiff goes out of business?
The judgment is still collectable, it does not simply go away. The creditor may assign the debt to a third party, who has full authority to collect it, however the creditor may notify you, the judgment debtor, ehere and when to send payments. its still a judgment against you, and will remain so until the creditor instructs the Clerk to cancel it, by stating you have paid, or rather "satisfied" the judgment against you.
