Alex What happens when a judgment is entered in North Carolina?
When a money judgment is entered, it is a determination by a court that the defendant (judgment debtor) owes that money to the plaintiff. Having a judgment allows the plaintiff to use certain court-sanctioned processes to collect the judgment debt. In North Carolina, this includes execution on personal property and judgment liens on real estate.
What happens after a judgment has been entered?
Judgment enforcement is the next critical step. After the court has entered a judgment, the losing party is supposed to pay, but often the debtor doesn’t pay. So, what is the process of enforcing judgments?
How does a judgment creditor enforce a judgment?
The judgment creditor has several options for enforcing court judgment depending on the monetary damages. For some judgments, the judgment creditor can garnish the judgment debtor’s wages, levy a bank account, or even have a lien placed on their property. We Pay Cash for Judgments.
How does a judgment work in a civil case?
A judgment is a decision from a court as to the outcome of a civil lawsuit. When a money judgment is entered, it is a determination by a court that the defendant (judgment debtor) owes that money to the plaintiff. Having a judgment allows the plaintiff to use certain court-sanctioned processes to collect the judgment debt.
When a money judgment is entered, it is a determination by a court that the defendant (judgment debtor) owes that money to the plaintiff. Having a judgment allows the plaintiff to use certain court-sanctioned processes to collect the judgment debt. In North Carolina, this includes execution on personal property and judgment liens on real estate.
Where can I find a judgment lien in North Carolina?
A judgment lien is created automatically on any property owned by the debtor in the North Carolina county where the judgment is entered.
What happens if you get a judgment against an individual?
If you have obtained a judgment against an individual, he/she has the right to have certain property set aside as being “exempt” from execution. This means that you cannot take those assets to satisfy your judgment.
What are the supplemental proceedings in North Carolina?
Supplemental proceedings include, but are not limited to: Issuing written interrogatories that your judgment debtor must answer under oath; Conducting an in-person examination of your judgment debtor under oath to ask questions about the extent and location of your debtor’s assets; and,