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How long can a creditor garnish your wages in Missouri?
Until the debt is paid or until the judgment expires.
Do you still owe the money if a lawyer buys a 7 year old repossession account and how will it affect your credit?
A judgment occurs when a creditor takes you to court, sues you, and wins his case against you. The creditor must do this before the statute of limitations has expired for the original debt. Typically, the court will try and contact you via mail, but they do not need proof that you were contacted, and you do not have to be present for your creditor to win. The creditor only has to provide proof that the debt is owed. You want to avoid this at all costs; for it is after a judgment is issued that a creditor can seize bank accounts, assets, or garnish wages. In addition, it is easy to renew a judgment once its statute of limitations has passed. In effect, if the creditor is diligent about his renewals, you could find yourself in the position where a judgment against you never expires. A judgment will drop off your credit report after seven years, but your creditor can hound you until the debt is paid.
When a judgment expires on your credit report can the creditor renew it?
yes they can.just have to go to courthouse and pay 10.00 filing fee
How long does a judgment have to be collected?
The court will try and contact you via mail, but they do not need proof that you were contacted, and you do not have to be present in order for your creditor to win. The creditor only has to provide proof that the debt is owed. You want to avoid this at all costs, for it is after a judgment is issued that a creditor can seize bank accounts, assets or garnish wages. In addition, it is easy to renew a judgment once its SOL has past. If the creditor is diligent about his renewals, you could find yourself in the position where a judgment against you never expires. A judgment will drop off your credit report after 7 years, but your creditor can pursue you until the debt is paid.
Can a judgment lien be removed from a property without paying it off?
No. You cannot "remove" a lien without paying the amount due and recording an appropriate discharge from the creditor. The only other way a lien will become inactive is when the statute of limitations has passed and the creditor has not recorded an extension of the original lien. For example, In Massachusetts a recorded attachment is good for six years. If the creditor wants to continue the lien, an extension must be recorded before the six year period expires. If not done, the attachment will be no longer effective.
Can a judgment be renewed after it expires in California?
No. A judgment must be renewed within 10 years under California Code of Civil Procedure, section 337.5 or it becomes unenforceable. However, if a defendant failed to timely raise this statute of limitations in defense, it could be waived.
What happens when the term of a copyright expires?
When the term of copyright protection expires, the work enters the public domain and can be reused with no limitations.
How long a judgment is valid?
In perpetuity, unless the judgment contains some kind of wording which declares that it expires after a certain date, or upon some other circumstance. It depends on what State the judgment is in. I doubt any State has judgments that remain valid in perpetuity. For example, in North Carolina, a judgment is valid (meaning it can be enforced by a creditor) for 10 years from the date the judgment is entered in the court house records, and it can be renewed for 10 years. The record of the judgment will stay on the books forever, but it becomes irrelevant after the applicable statute of limitations has run. Check your State statutes or ask your local court clerk's office about how long judgments are valid in your State.
What is renewal of judgment mean?
A civil judgment expires after a statutory period of time which varies by state or jurisdiction. Before the time period expires, one can file essentially for an extension, or in other words, a renewal of the judgment to extend the time period.
What is renew judgment mean?
A civil judgment expires after a statutory period of time which varies by state or jurisdiction. Before the time period expires, one can file essentially for an extension, or in other words, a renewal of the judgment to extend the time period.
What is the statute of limitations on a judgment in Missouri?
According to several websites I visited a civil judgment is 10 years in Missouri. However, they can file legal paper work to renew it before it expires so it can possibly be enforced until satisfied or overridden in the case of bankrupt able debt.
How long can a attorney keep on trying to get money on a repo car in Indiana?
credotomfocenter Oral Written Promissory Open IN 6 10 10 6 Typically, the court will try and contact you via mail, but they do not need proof that you were contacted, and you do not have to be present in order for your creditor to win. The creditor only has to provide proof the debt is owed. You want to avoid this at all costs, for it is after a judgment is issued that a creditor can seize bank accounts, assets or garnish wages. In addition, it is easy to renew a judgment once its SOL has past. In effect, if the creditor is viligient about his renewals, you could find yourself in the position where a judgment against you never expires.
