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What happens when you have a judgement against you and how does it impact your financial situation?
When you have a judgment against you, it means a court has ruled that you owe a certain amount of money to someone else. This can impact your financial situation by potentially leading to wage garnishment, bank account levies, or property liens. It can also affect your credit score and make it harder to borrow money in the future.
What else can I help you with?
How happens if defendant has no assets?
If the defendant has no assets, they may not be able to pay a monetary judgment against them. In such cases, the plaintiff may not be able to collect on the judgment unless the defendant's financial situation changes in the future.
What happens if there is a judgement against you in a legal case?
If a judgment is made against you in a legal case, it means that the court has decided in favor of the other party and you may be required to pay a certain amount of money or comply with other court orders. This could include financial penalties, restitution, or other consequences depending on the specifics of the case.
What happens when a motion for summary judgment is granted against you?
I have found that when this is granted, the other party may file objection to, request to readdress, or appeal the judgement.
What happens if you can't repay a personal loan?
It depends on the situation. In many cases they can take you to court and get a judgement against you. That would allow the bank or other institution to seize your property ( house, cars, etc.) and sell them to raise money to repay the debt. They could also garnish your paychecks.
What happens at a sheriff's sale?
A Sheriff's sale usually is to sell off property that has been seized by a large judgement against someone or a repossession that has taken place.
What happens when a judgment is not granted?
You can appeal or accept the judgement.
What happens if a ladybug is slow?
Nothing happens, really... in general judgement, all ladybugs are slow.
If I don't pay my student loan what will happen?
Nothing will happen, financial situation at the edge of collapse. When this happens nobody will remember regarding your loan.
What happens when judgement is file against you from an apartment complex and you are still living in the apartment?
This means the apartment is allowing you to still live there (perhaps you settled and paid the arrears but not before the Landlord obtained a Judgment or writ of execution against you but chose not to kick you out)
Is a judgment against you through the court more damaging to your report than a collection?
It is unknown how much affect a judgement has against your FICO score versus a collection. I do however, know these things. One, the amount in question does not change your FICO. A $5 judgement is the same drop in FICO as a $5M judgement. Second, the 'clock' for deletion will begin on a judgement after the date of entry, but it doesn't start for a collection until they officially close the file which almost never happens. In other words, judgements automatically delete after some time but collection items never really do.
What happens at the Hall of judgment?
the judgement of the heart if the person should have a afterlife or not have one
In Texas What happens to a judgment against a husband by his wife during the divorce and the husband dies Does the judgment die also or is it passed on to the Dad which is the only aire?
In the state of Texas, if there are no children, the judgement stands, and the amount of the judgement would be handed down to the father, if he is the husband's only heir. This can however be taken to court and disputed.
