Always keep in mind: The only "Debtor's Prison" is the one of your extremely poor credit rating and your inability to move forward when it comes to just about anything that has to do with credit these days...which is everything. Owning a house, a new vehicle, utilities, insurance...your credit rating affects the rate you will pay for everything. Pay your bills on time. That is the best advice.
"Judgment proof" is an informal and somewhat disparaging term for "doesn't have enough assets that we can seize to satisfy the judgment." When someone has a judgment against you for money and you don't pay, she can ask a court to "execute" on the judgment. The county sheriff comes and either actually or symbolically takes your property ("levies upon it" they call it) and, if it's not cash (like bank accounts) then sells it at a public auction. The money from the sale goes to pay the person you owe. If there's anything left over, you get it. There are special rules for levying upon and taking things like your home if you own it but the basic theory is the same. When folks say someone is judgment proof they mean the person doesn't own enough stuff that, when sold, there would be enough money to pay the judgment. Effectively, people who say it mean the person is too poor to be worth suing because you'll wind up with a judgment but still won't be able to collect. Keep in mind that in many places (I'm not sure about Indiana), the judgment holder can also garnish your pay, taking a piece of every paycheck.
Just like any other business person to whom you owe money, he can file a lien against you.
It depends on your situation. If you are disabled and can't work or you are between jobs and making an effort to look for work the judge generally will give you some time. If you're slacking off then yes, the judge can make you pay this debt off and will decide how much will come out of your pay until the debt is paid in full. When you take out a credit card you are basically boring money from a company and it's your responsibility to pay that debt back just as if you were paying off a loan at a bank. Cut-up those credit cards! Marcy * No. When a creditor sues a debtor and wins a judgment is entered against the debtor. The court does not take any part in the collection of a judgment, that becomes the responsibility of the judgment creditor. Not paying a judgment is not considered contempt of a court order. Once the creditor has the judgment they can execute it against any nonexempt property belonging to the debtor. This is done by filing the appropriate forms with the clerk of the court and notification given the debtor that the judgment has been excecuted as a wage garnishment or bank account levy, or other means.
If you don't show up, regardless of your situation, the judgment will be awarded to the plaintiff as a default judgment and you will have to pay the judgment amount.
Yes. If a judgment is entered against you by a court, your wages may be taken from you to pay the judgment. Garnishment law allows the judgment creditor to obtain a continuing writ of garnishment which orders your employer to deduct money from your periodic wages until you have paid off the judgment.
If you don't pay a payday loan, you can have a judgment brought against you. They can also fine you a pre determined amount.
You pay it.
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.
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
Child Support cannot be attached to pay a judgment.
If the judgment is against you and you do not pay it, the home can be sold to pay the debts.
If you have a civil judgment or lien against you in South Carolina and you pay you house off, they can not take it directly from you. They may be able to put a lien against it until you pay the debt off.
No
Hope you had a lawyer defending you against the judgment suit. You can use one now. Many, if not most judgments will not be discharged in BK.
No, if you hit the lotto you should be able to pay the judgment in full, I hope? LOL
No. The judgment creditor might take your car and sell it to pay part of the judgment, but your license has no intrinsic value for sale. In addition, the judgment creditor is not permitted to seize your license or ask the state to seize it until you pay the judgment.
There is no statute of limitations on a judgment. The only way a judgment can be satisfied is to pay the debt and then it will be removed from your credit report.