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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.
What else can I help you with?
What does decision rendered mean in a legal sense?
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.
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.
I have a judgment in ca. can they garnish me in fl.?
If you owe money and have a judgment against you, they can garnish your income.
If you are in an auto accident and do not have enough insurance and have no money to pay if they sue you how will this effect a lawsuit against you?
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.
Can a sewer company put a lien on your house?
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.
What happens if the plaintiff fails to appear in court for a money judgment?
They will be charged with contempt of court.
Can creditors take money from your bank account?
Yes, after a judgment has been granted against you
What happens if a judgment is taken against you?
If a judgment is taken against you, it typically means that a court has ruled in favor of the other party, often resulting in a requirement for you to pay a specified amount of money or comply with certain actions. This judgment may lead to wage garnishment, asset seizure, or liens against your property if you fail to comply. Additionally, it can negatively impact your credit score and financial standing. It's important to address the judgment promptly, either by paying it, negotiating a settlement, or appealing the decision if grounds exist.
Can some with no money be sued?
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
Can a judgment be collected from a dissolved corporation?
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.
If you owe a bank money can they seize your check being deposited into another account not in your name?
No. They cannot unless a judgment has been rendered by the court and the new account has been seized by court order.
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.
