judgments
Date: Tue, 03/22/2011 - 12:59
I have been told a judgment is good for 10 years and then they can request it be re-newed for another 10 years. Is that true? How do they do that?
THe creditor simply goes thru the court and renews the judgment.
THe creditor simply goes thru the court and renews the judgment.
In FL, this is essentially correct. Theoretically, you can file
In FL, this is essentially correct. Theoretically, you can file a new action based on the non-satisfaction of the judgment just before the 20 years is up, but if a debtor hasn't paid in 20 years, why bother?
Actually, it depends on the state you were in when the judgment
Actually, it depends on the state you were in when the judgment was granted. Here's a link http://www.creditinfocenter.com/rebuild/statuteLimitationsJudgments.shtml. Put in your state and then click "see your state's statute of limitations" and it will show you how long that will be. More information below that in regard to renewal of judgments too!
