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What is a judgment?

Updated: 9/11/2023
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17y ago

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It is a court order against the debtor to pay the creditor what is due. The judgment can be satisfied in several ways, wage garnishment is the usual one. Levy against bank accounts. Liens against property. The liquidation of non-exempt assets. And sometimes (rarely a homestead) the forced sale of property on which a lien has been placed.

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Q: What is a judgment?
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What is an outstanding judgment?

A judgment is a court order giving a creditor or someone who is owed money (such as money that was borrowed from a friend) the legal right to collect the debt in accordance with the laws of the state. The term "outstanding" indicates the judgment has not been paid or settled, but is still valid. A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.


How long to you have to pay a judgment made against you in pa?

Anytime that you have a judgment on you no matter where you are you have to pay it. There are some instances where you may not have to but it don't matter if you are in PA or LA a judgment is a judgment.


What is the difference between a summary judgment and a default judgment?

Basically, a default judgment is something you did NOT argue about in court by filing answers to the Summons and Complaint, and the Summary Judgment is something you did argue about IN COURT.


What should you do if a judgment is 6 and a half years old and you do not know if it will be renewed?

A judgment creditor seldom lets a judgment lapse. That would mean the entire process of filing a lawsuit and being granted a judgment wasted effort. The only option of the debtor is to pay the judgment amount or reach a settlement agreement of some type with the judgment holder.


Can you garnish your daughter's wages on a cosigned loan?

You would need to sue her in court and obtain a judgment lien. You could use that judgment lien to garnish her wages.You would need to sue her in court and obtain a judgment lien. You could use that judgment lien to garnish her wages.You would need to sue her in court and obtain a judgment lien. You could use that judgment lien to garnish her wages.You would need to sue her in court and obtain a judgment lien. You could use that judgment lien to garnish her wages.

Related questions

Who is the grantor in an abstract of judgment?

In an abstract judgment the grantor is the judgment creditor. The grantee of the abstract judgment is the judgment debtor.


Can they seize your property in a different state from were the judgment was made?

For a state court judgment, no.For a state court judgment, no.For a state court judgment, no.For a state court judgment, no.


Can a car be reposessed after judgment?

Whether or not a car can be repossessed after a judgment depends on the judgment.


Can you file bankruptcy on a fraud judgment?

If there is a judgment AGAINST you for fraud, then NO, such a judgment WILL NOT be discharged.


What is an outstanding judgment?

A judgment is a court order giving a creditor or someone who is owed money (such as money that was borrowed from a friend) the legal right to collect the debt in accordance with the laws of the state. The term "outstanding" indicates the judgment has not been paid or settled, but is still valid. A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.


How do you put a lien on someone who has not performed services promised?

Generally you must sue them in court, obtain a judgment in your favor and obtain a judgment lien.Generally you must sue them in court, obtain a judgment in your favor and obtain a judgment lien.Generally you must sue them in court, obtain a judgment in your favor and obtain a judgment lien.Generally you must sue them in court, obtain a judgment in your favor and obtain a judgment lien.


When was The Judgment created?

The Judgment was created in 1912.


What is the definition of Reasonable judgment?

reasonable judgment


What is a domestic judgment?

what is domestic judgment mean?


What is an abstract of judgment?

An abstract of a judgment would be a brief statement summarizing the important points of the judgment.


What is abstract of judgment?

An abstract of a judgment would be a brief statement summarizing the important points of the judgment.


Which is correct Counter proposed judgment or proposed counter-judgment?

Proposed counter-judgment, how do you file one?