How can a Judgement be dismissed?

How can a Judgement be dismissed?

In order to vacate a judgment in California, You must file a motion with the court asking the judge to vacate or “set aside” the judgment. Among other things, you must tell the judge why you did not respond to the lawsuit (this can be done by written declaration).

Will a Judgement ever go away?

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 do I protect my bank account from creditors?

Avoiding Frozen Bank Accounts

1. Don’t Ignore Debt Collectors.
2. Have Government Assistance Funds Direct Deposited.
3. Don’t Transfer Your Social Security Funds to Different Accounts.
4. Know Your State’s Exemptions and Use Non-Exempt Funds First.
5. Keep Separate Accounts for Exempt Funds, Don’t Commingle Them with Non-Exempt Funds.

How long after Judgement can they garnish?

15 days

What percentage should I ask a creditor to settle for after a Judgement?

Aim to Pay 50% or Less of Your Unsecured Debt If you decide to try to settle your unsecured debts, aim to pay 50% or less. It might take some time to get to this point, but most unsecured creditors will agree to take around 30% to 50% of the debt.

Can a Judgement be settled for less?

A creditor may agree to settle the judgment for less than you owe. This typically happens when the creditor thinks you might file bankruptcy and wipe out the debt that way. Settling can be a win-win. The creditor gets at least partial payment for the debt — although it usually will require it as a lump sum.

Can I negotiate a settlement on a Judgement?

Even after a judgment is entered against you, it is still possible to settle a debt for less than the court-approved amount. However, you may be able to negotiate a discount to the debt, in return for a lump sum payment.

Can I buy a house after debt settlement?

The good news is that It is possible to apply for a mortgage and buy a house during and after debt settlement. However, a healthy credit score might be required first in order to qualify.