0
What judgment must be entered for a cosigner to begin a lawsuit against the primary borrower?
There is a bit of confusing concerning the terminology used in the question. A judgment writ is issued to the plaintiff if the lawsuit is won. The judgment can then be executed pursuant to state statutes. The process of filing a lawsuit can begin by contacting the clerk or the administrator of the court of jurisdiction or by retaining legal representation.
What else can I help you with?
How do you file for a judgment for an unpaid promissory note?
The creditor (holder of the note) would need to file a lawsuit in the court of jurisdiction where the debtor(borrower) resides. If the creditor prevails in the suit a judgment will be entered against the borrower. The creditor can then execute the judgment in accordance with the laws of the debtor's state.
Does a contract with an attorney end after the judgment has entered against you?
No.
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
What is memorandum of judgment?
Memorandum of judgment is a brief summary or outline of a judgment which specifies the name of the court that entered the judgment, date, amount, name of the party in whose favor and name of the party against whom entered.
How do I dispute a judgment entered against me?
You need the advice of a solicitor (attorney) to do this.
Can a creditor receive a judgment and or lien against me even though you have never appeared in court?
If you fail to appear in court a default judgment can be entered against you
Can you file bankruptcy once a judgment is entered against you in the state of Pennsylvania?
Yes, but the judgment may not be discharged in BK without compensation.
If your spouse has a judgment against them can it also be filed in the other spouse's credit report?
If the judgment names only one spouse as the judgment debtor it will not be entered on the non judgment spouse's credit report.
How do you contest a judgment against you?
File a Motion To Vacate in the court where the judgment was entered against the defendant. Contact the office of the clerk of the court of jurisdiction for information on the procedures and the forms required for filing.
If you are owed 150K on a promissory note and the other party is refusing to pay how can you collect?
The creditor(lender) will more than likely have to file a lawsuit against the debtor (borrower) to recover monies owed. If the creditor wins the suit a judgment will be entered against the debtor. The judgment can be executed according to state laws against any nonexempt property belonging to the debtor. The judgment holder should use caution when seizing property, as they can be penalized for incumbering exempted property of the debtor or possibly jointly owned property. The safe and expedient method of enforcing a judgment is by wage garnishment.
How do you contest a fraudulent judgment against you?
File a Motion To Vacate in the court where the judgment was entered against the defendant. Contact the office of the clerk of the court of jurisdiction for information on the procedures and the forms required for filing.
Will it hurt you in being able to buy a house or car if you lose a civil suit against you?
Probably, in most cases a judgment is entered against the defendant. A judgment will remain on a person's credit report for seven years from the time of entry and if renewable can be reentered on one's CR. The length of time a judgment remains public record depends upon the laws of the state in which the judgment is entered.
