answersLogoWhite

0

The prevailing party (judgment creditor) may collect on the judgment. You may be summoned to court to tell about your assets, garnishment may be started, or other lawful means of collection may be used, at the judgment creditor's discretion.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What happens if i don't pay?

If you have had a judgment entered against you and have not paid, the prevailing party can request that the court garnish wages or property in order to pay the judgment entered against you. -J


What steps do you have to take in detail to file a judgment?

A lawsuit must be filed against the debtor/defendant in the court of jurisdiction. If the plaintiff wins the suit a judgment will then be entered against the defendant. Judgments can be executed against the property or wages of the debtor in accordance with the laws of the state in which the judgment is awarded.


Does a contract with an attorney end after the judgment has entered against you?

No.


If real property is held by husband and wife as tenants by the entireties does a judgment against one attach to the property?

In a tenancy by the entireties, property is owned by both spouses collectively. Therefore, if a judgment is entered against one spouse, it typically cannot attach to the property held as tenants by the entireties. This is because creditors generally cannot access property held in this manner to satisfy the debt of one spouse.


If you are owed 150K on a promissory note and the other party is refusing to pay how can you collect?

The creditor(lender) will more than likely have to file a lawsuit against the debtor (borrower) to recover monies owed. If the creditor wins the suit a judgment will be entered against the debtor. The judgment can be executed according to state laws against any nonexempt property belonging to the debtor. The judgment holder should use caution when seizing property, as they can be penalized for incumbering exempted property of the debtor or possibly jointly owned property. The safe and expedient method of enforcing a judgment is by wage garnishment.


What is memorandum of judgment?

Memorandum of judgment is a brief summary or outline of a judgment which specifies the name of the court that entered the judgment, date, amount, name of the party in whose favor and name of the party against whom entered.


How do I dispute a judgment entered against me?

You need the advice of a solicitor (attorney) to do this.


What is a filed judgment?

It indicates the creditor plaintiff has won a lawsuit against the debtor defendent and a judgment has been entered in favor of the creditor. The creditor can enforce the judgment in accordance with the laws of the debtor's state of residency. The preferred method of executing a creditor judgment is wage garnishment, followed by bank account levy, a lien against real property owned by the debtor or the seizure and sale of nonexempt property owned by the debtor.


If a judgment is entered against you in a county where you don't reside does the creditor have to file a new lawsuit in the county where you do reside?

No, once the judgment is granted, it applies to you, not your county. All they need is your new address. * Perhaps. If the judgment holder wants to enforce the judgment in a method other than filing an abstract judgment against the debtor's real property then the creditor will have to file a suit in the county where the debtor resides. Judgments granted in one county or state can only be transferred to another county or state as liens against real property owned by the debtor.


Can a creditor receive a judgment and or lien against me even though you have never appeared in court?

If you fail to appear in court a default judgment can be entered against you


What does California require for an assignment of judgment?

In California, an assignment of judgment requires the assignment to be in writing and signed by the assignor (the original judgment creditor). The assignee (the new creditor) must also provide notice of the assignment to the judgment debtor. Additionally, the assignee must record the assignment in the county where the judgment was entered if they intend to enforce the judgment against real property.


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.