The plaintiff will receive a damage award plus court costs. The plaintiff can request a judgment lien and they can direct the sheriff to seize any property you own to satisfy the lien: your car, boat, bank account, snowmobile, home, etc. If you own real property the lien can be recorded in the land records and you cannot sell or mortgage the property until the lien is paid. The creditor can force the sale of your home or just wait and when you sell your home the amount due will be deducted from the proceeds along with interest and the buyers attorney will send a check to the creditor.
Interest and costs grow at a rapid rate until the lien is paid off. The interest rate in Massachusetts is 12%. A judgment lien is good for 20 years in Massachusetts but must be renewed in the land records every six years. Other states may vary in their time periods.
The plaintiff will receive a damage award plus court costs. The plaintiff can request a judgment lien and they can direct the sheriff to seize any property you own to satisfy the lien: your car, boat, bank account, snowmobile, home, etc. If you own real property the lien can be recorded in the land records and you cannot sell or mortgage the property until the lien is paid. The creditor can force the sale of your home or just wait and when you sell your home the amount due will be deducted from the proceeds along with interest and the buyers attorney will send a check to the creditor.
Interest and costs grow at a rapid rate until the lien is paid off. The interest rate in Massachusetts is 12%. A judgment lien is good for 20 years in Massachusetts but must be renewed in the land records every six years. Other states may vary in their time periods.
The plaintiff will receive a damage award plus court costs. The plaintiff can request a judgment lien and they can direct the sheriff to seize any property you own to satisfy the lien: your car, boat, bank account, snowmobile, home, etc. If you own real property the lien can be recorded in the land records and you cannot sell or mortgage the property until the lien is paid. The creditor can force the sale of your home or just wait and when you sell your home the amount due will be deducted from the proceeds along with interest and the buyers attorney will send a check to the creditor.
Interest and costs grow at a rapid rate until the lien is paid off. The interest rate in Massachusetts is 12%. A judgment lien is good for 20 years in Massachusetts but must be renewed in the land records every six years. Other states may vary in their time periods.
The plaintiff will receive a damage award plus court costs. The plaintiff can request a judgment lien and they can direct the sheriff to seize any property you own to satisfy the lien: your car, boat, bank account, snowmobile, home, etc. If you own real property the lien can be recorded in the land records and you cannot sell or mortgage the property until the lien is paid. The creditor can force the sale of your home or just wait and when you sell your home the amount due will be deducted from the proceeds along with interest and the buyers attorney will send a check to the creditor.
Interest and costs grow at a rapid rate until the lien is paid off. The interest rate in Massachusetts is 12%. A judgment lien is good for 20 years in Massachusetts but must be renewed in the land records every six years. Other states may vary in their time periods.
The plaintiff will receive a damage award plus court costs. The plaintiff can request a judgment lien and they can direct the sheriff to seize any property you own to satisfy the lien: your car, boat, bank account, snowmobile, home, etc. If you own real property the lien can be recorded in the land records and you cannot sell or mortgage the property until the lien is paid. The creditor can force the sale of your home or just wait and when you sell your home the amount due will be deducted from the proceeds along with interest and the buyers attorney will send a check to the creditor.
Interest and costs grow at a rapid rate until the lien is paid off. The interest rate in Massachusetts is 12%. A judgment lien is good for 20 years in Massachusetts but must be renewed in the land records every six years. Other states may vary in their time periods.
A legal decision that is rendered against you means you lost some legal case, either in whole or in part. That could mean a money judgment was entered against you, or you were found guilty of a criminal or "quasi-criminal" prosecution.
The lender will get a judgment against both of you and collect from whomever has the money.
If you owe money and have a judgment against you, they can garnish your income.
Even if you have no insurance or money, someone can still sue you for damages. However, depending on the collection laws of your state, you may be "judgment proof," unable to pay any judgment rendered against you. A lawsuit may result in a judgment against you, which in essence is just a piece of paper that says you owe the plaintiff x dollars. But collecting on the judgment is a completely different animal. Frankly, I would never sue anyone with no insurance or money b/c it is not worth the time and money just to get a piece of paper that is uncollectible. Hopefully, the plaintiff trying to sue you will realize that. Good luck.
If you owe it money and they sue you in court and win then yes, they can obtain a judgment lien against you that can be recorded in the land records.If you owe it money and they sue you in court and win then yes, they can obtain a judgment lien against you that can be recorded in the land records.If you owe it money and they sue you in court and win then yes, they can obtain a judgment lien against you that can be recorded in the land records.If you owe it money and they sue you in court and win then yes, they can obtain a judgment lien against you that can be recorded in the land records.
They will be charged with contempt of court.
Yes, after a judgment has been granted against you
yes, all you can do is get a judgment against them should you prevail, you may never see a penny, but the judgment will damage their credit and reputation
The judgment would have to be presented to the bankruptcy court. Wow! Who mentioned bankruptcy? This is a money judgment against a admin dissolved corp. If bankruptcy had been filed the judgment, if listed, would be discharged and worthless.
No. They cannot unless a judgment has been rendered by the court and the new account has been seized by court order.
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.
A deficiency judgment is where the owner of a mortgage or deed of trust is awarded a judgment against the borrower in the amount of: the amount of money owed in the mortgage or deed of trust minus the amount of money the property sold for at foreclosure sale If the above amount is a positive number, some states allow the lender to get a judgment for that amount.