Ask Experts Questions for FREE Help !
Ask
    hpvp1234's Avatar
    hpvp1234 Posts: 4, Reputation: 1
    New Member
    		  
    #1

    May 26, 2009, 02:08 PM
    Bank Judgement
    Bank got the judgement against me. What is the limit of Judgement. How long they can hold the Judgement.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #2

    May 26, 2009, 08:58 PM

    What? The Judgment, depending on your State, is "usually" good for 10 years, renewable for another 10. There is no limit on the dollar amount of a Judgment.

    Is that what you are asking?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

    May 26, 2009, 09:01 PM

    The judgement is for the full amount you owed, plus all of the legal costs and the such,

    Depending on the state, they may attach all of the money in the bank. And garnish a percent of your check, ( that amount varies some states none others more, 25percent is a average
    hpvp1234's Avatar
    hpvp1234 Posts: 4, Reputation: 1
    New Member
    		  
    #4

    May 27, 2009, 07:05 AM
    Court Judgement
    I am from Georgia. I had a SBA loan from bank. I can't make a payment from last 2 years. Now last year sep 2008 Bank won the case in court. They got the judgement against me, my corporation. My house is collateral with this loan.
    Bank haven't contact me yet. I try to settle this case with some money. They don't respond anything on this matter. So in this case what will happen. I don't want to loose my house or business.
    Can you please advise me.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #5

    May 27, 2009, 07:14 AM

    Then call and talk to them seriously,
    With a judgement they may do it,
    If local, go down and talk to them in person
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Bank Account Judgement [ 10 Answers ]

Last week I discovered that my bank account was 0. I called my bank and they explained that I had a legal judgement against my account for debt collection. I have an appointment with an attorney later this week but cannot cash my paycheck at my bank as they will force deposit it into my account to...

Bank levy, judgement. [ 2 Answers ]

In MN do you do you have to get served for a levy? What comes first the levy or a judgement?

Judgement on Bank account [ 4 Answers ]

Hi, I just recently found my account has been frozen due to a judgement from a collector. Not sure how they can do this considering I've absolutely never been served with papers for any financial debt. My girlfriend and I have a joint checking account, in which she receives child support...

Judgement on my bank accounts [ 2 Answers ]

How do I stop action on a judgement that puts a block on my bank accounts

Judgement and bank account [ 1 Answers ]

Mann Bracken states they are represnting FIA card services -FIA card services said they have no control and account has been charged off . I feel this account has been purchased . True or Not or just a thought about this. If they win a judgement can they seize a joint checking account. Yes...

View more questions Search