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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.
What else can I help you with?
What happens if you had a judgment against you in Ohio?
You pay it.
Can a trust's property be taken if one of the trustees has a judgment against him?
A judgment against the trustee in his individual capacity will not affect the trust property. A judgment against the trustee as the trustee will become a lien on the trust property.
What happens if there is a default final judgment against you in Florida?
Jail
What happens if there is a judgment against you for credit card debt in Louisiana?
court government
What happens if i don't pay?
If you have had a judgment entered against you and have not paid, the prevailing party can request that the court garnish wages or property in order to pay the judgment entered against you. -J
Can your residence be taken in a law suit?
If the judgment is against you and you do not pay it, the home can be sold to pay the debts.
What happens if you get a judgement against you in a legal case?
If you receive a judgment against you in a legal case, it means that the court has ruled in favor of the other party and you are required to comply with the court's decision. This could involve paying a monetary amount, fulfilling certain obligations, or facing other consequences as determined by the court. Failure to comply with the judgment can result in further legal action being taken against you.
What is a judgment in personal finance?
When a person is taken to civil court (for example, a credit card company suing a cardholder to get paid back), the court makes a judgment for or against the plaintiff (entity initiating the lawsuit, in this example, the credit card company). If the judgment is for the plaintiff, the result is effectively a judgment against the defendant (the person taken to court in the example). Part of the judgment is the amount that is to be paid to the entity winning the court case (judgment). Judgements against a borrower (and the amount set to be paid by that borrower) will make their way onto the credit report and will cause a drop in credit score.
Can your home be taken in a lawsuit?
Yes, in some cases, a person's home can be taken in a lawsuit if a court orders it as part of a legal judgment against the homeowner.
Who is a garnishee?
If a person has a legal financial judgment against them they can have part of their wages taken by the court. Their wages are garnished and they are the garnishee.
What happens if you don't pay your car loan?
The repossess the car, can get a judgment against you and your credit is badly damaged.
If you had a levy placed against your bank account in 2005 and nothing has happened since can action still be taken at a later time?
In all likelihood it would be necessary for the creditor to refile the judgment as a new bank account levy or even renew the judgment and then file. The action that can be taken by a judgment creditor is determined by the laws of the state where the judgment is entered.
