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A voluntary judgment occurs when the debtor agrees to the charges against them from their creditor. A court will act as a mediator to finalize a payment arrangement that the debtor offers to the creditor.
Wiki User
∙ 9y ago
A voluntary judgment is a court ruling or decision that is agreed upon by the parties involved in a legal case. It is usually reached through negotiation or settlement and does not result from a trial or formal legal proceedings. Both parties consent to the terms of the judgment.
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How do you use the word judgment?
You can use the word "judgment" to refer to the ability to make considered decisions or form opinions. For example, "She used good judgment in choosing her friends."
What is the difference in retrospective and prospective judgment?
Retrospective judgment involves evaluating past events or actions, focusing on what has already occurred. Prospective judgment involves making predictions or decisions about future events or actions, focusing on what may happen. Retrospective judgment relies on hindsight, while prospective judgment relies on foresight.
Is judgment proof legal in Kentucky?
Yes, judgment proof is legal in Kentucky. Judgment proof refers to a situation where a defendant does not have sufficient income or assets to fulfill a court-ordered judgment. In such cases, the court is unable to enforce collection of the judgment against the defendant.
Judgment Assignment?
In a judgment assignment, a person legally transfers their rights and interests in a judgment debt to another party. This allows the new party to collect the amount owed on the judgment. The original judgment creditor effectively assigns their right to receive payment to the assignee.
Is a judgment against the person or property?
A judgment can be against either the person or their property. A personal judgment is against the individual's assets or income, while a lien on property is against the person's property.
Can a judgment lien be constructive or voluntary or general or specified. What?
A judgment lien is an involuntary lien.
Does a Voluntary dismissal with prejudice equal final judgment?
Yes, essentially. A voluntary dismissal with prejudice indicates that the plaintiff has voluntarily dropped the case and cannot file suit again. A voluntary dismissal without prejudice gives the plaintiff one more chance in court.
How long will a voluntary dismissal without prejudice stay on my credit report for if the debt was paid Will it be marked as a judgment on my report?
It takes seven to ten years.
Can a creditor refuse a voluntary repossession and still demand payments?
yes, as this would make it easier to obtain a judgment and/or wage garnishment for whatever is owed.
Is the upper arm voluntary or involuntary?
voluntary
What does a voluntary muscle do for the muscular system?
Voluntary means you have voluntary control, while the involuntary you do not have voluntary control of them.
Is the artery voluntary or involuntary?
voluntary
What is the voluntary behavior?
do voluntary job.
Are pectoralis voluntary or involuntary?
voluntary
What is voluntary informants?
voluntary informant
What do voluntary muscles do in the body?
Voluntary muscles help you to perform voluntary movements.
How is a lien on cattle enforced?
The action that can be taken by the judgment creditor/lien holder would depend upon the laws of the state where the cattle are located. The lien holder can petition the court to order a forced sale of the herd or the portion needed thereof to recover the judgment award or wait until a voluntary sale is made by the debtor.
