What happens after creditor wins judgment?

What happens after creditor wins judgment?

A creditor who has obtained a judgement has the right to seize and sell some of the debtor’s property to satisfy the debt. This process is called executing against the debtor’s property. The goods seized must be completely owned by the debtor, without liens or mortgages attached to them.

What happens when a Judgement expires?

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When a Judgment Lapses A judgment may also lapse if the creditor doesn’t do anything to execute on that judgment for a certain period of time. When a judgment lapses (or becomes “dormant”), the creditor can no longer legally enforce it. That means a creditor cannot: garnish your wages.

How long do Judgements stay on your record?

5 years

Does a Judgement hurt your credit?

Judgments are no longer factored into credit scores, though they are still public record and can still impact your ability to qualify for credit or loans. Lenders may still check to see whether any outstanding judgments against a potential borrower exist.

What happens if you ignore a civil lawsuit?

Ignoring the Civil Claim will not make it go away and it is likely that the Plaintiff will apply for Judgment against you. If successful, the Court will issue a Certificate of Default Judgment which the Plaintiff may file in Court of Queen’s Bench which allows them to take collection proceedings against you.