Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Bankruptcy & Debt (https://www.askmehelpdesk.com/forumdisplay.php?f=44)
-   -   For how long can a creditor collect on a judgement? (https://www.askmehelpdesk.com/showthread.php?t=141944)

  • Oct 17, 2007, 07:14 PM
    aporter17
    For how long can a creditor collect on a judgement?
    Let's suppose a creditor (open account) obtains a judgement before the SOL runs. Is there any limit to how many years the creditor may attempt to collect on the judgement?

    Also, with the judgement in hand, can the creditor place a lien on an inheritance?

    Thank you.
  • Oct 17, 2007, 07:16 PM
    ScottGem
    Most judgements run 7-10 years and can be renewed. A judgement can be used to attach an inherited asset.
  • Oct 17, 2007, 07:19 PM
    aporter17
    Quote:

    Originally Posted by ScottGem
    Most judgements run 7-10 years and can be renewed. A judgement can be used to attach an inherited asset.

    Thank you for that very fast answer! Under what circumstances would a creditor renew a judgement?
  • Oct 17, 2007, 08:29 PM
    Fr_Chuck
    Normally they can renew if they have not collected yet and believe or show they feel they can collect in the future. Each local court or judge may have some requirements of their own
  • Oct 18, 2007, 06:18 AM
    ScottGem
    As Chuck said, if they haven't collected they renew. It costs almost nothing to renew a judgement.

  • All times are GMT -7. The time now is 05:09 AM.