Even if you do not have the money to pay the debt, always go to court when you are told to go. A creditor or debt collector can win a lawsuit against you even if you are penniless. The lawsuit is not based on whether you can pay—it is based on whether you owe the specific debt amount to that particular plaintiff.

All states have designated certain types of property as “exempt,” or free from seizure, by judgment creditors. For example, clothing, basic household furnishings, your house, and your car are commonly exempt, as long as they’re not worth too much.

NSW is the third most litigious state in the world. Assets of value to others could include your family home, investments, personal bank account monies or your business. And if you think you’re protected because you’re an employee – you’re wrong. One wrong move by your employer could mean they go under.

Judgments. Liens relate to judgments in that they can be obtained as a result of getting a judgment against a debtor. Once the judgment is obtained, a creditor can then use that judgment to obtain a lien on some of your property. For example, the creditor could use the judgment to file a lien on your home.

What Happens After a Judgment Is Entered Against You? You should receive a notice of the judgment entry in the mail. The judgment creditor can then use that court judgment to try to collect money from you. Common methods include wage garnishment, property attachments and property liens.

A judgment lien is a court ruling that gives a creditor the right to take possession of a debtor’s property if the debtor fails to fulfill his or her contractual obligations. Judgment liens are nonconsensual because they are attached to property without the owner’s consent or agreement.

Renew the judgment Money judgments automatically expire (run out) after 10 years. If the judgment is not renewed, it will not be enforceable any longer and you will not have to pay any remaining amount of the debt. Once a judgment has been renewed, it cannot be renewed again until 5 years later.

How To Not Pay A Judgement

1. Attempt to vacate a judgement.
2. File a claim of exemption.
3. File for bankruptcy to discharge the debt.
4. Settle with the judgement creditor.

A creditor can merely review your past checks or bank drafts to obtain the name of your bank and serve the garnishment order. If a creditor knows where you live, it may also call the banks in your area seeking information about you.