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Judgment Debtors

By Mark Shapiro

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Published: 03Mar2012
Word count: 1226
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I'm not an attorney, I am a judgment expert. This article is my opinion, and not legal advice. If you ever want a strategy to use or legal advice, please contact an attorney.

What are judgment debtors? Judgment debtors are an entity or a person, who was named or involved in a lawsuit, and was judged to owe a debt after a final court judgment.

When judgments are vacated or satisfied, a entity or person is not a judgment debtor anymore, at least for that specific judgment.

Most often, a judgment debtor was a defendant in a lawsuit. Note that occasionally the judgment debtor began as a plaintiff; however, at the trial, the judge adjudicate that the original defendant owes nothing and the plaintiff is now the judgment debtor, who now owes a debt to the defendant.

An entity (or person) may become a judgment debtor after several types of court judgments from criminal or civil courts.

Different kinds of courts can make judgment debtors, including divorce, criminal restitution, small claims, limited and unlimited civil, bankruptcy, federal, municipal, justice, district, and circuit.

Different than debtors having a claimed debt they owe, judgment debtors have judgments against them. The disputable claim has transformed into a judgment. When debtors are sued, and the court orders a judgment against them, their debt gets settled with a judge's final decision, to make a judgment debtor.

Only judgments issued by a court can make actual judgment debtors. A UCC lien or any other type of financing or debt statement by themselves, do not make judgment debtors.

Judgment debtors are quite popular, and being a judgment debtor hasn't been a stigma socially for several decades. There are many laws guard a judgment debtor. One example is with few exceptions, creditors may not tell people about a judgment debtor's debts.

The media, courts, society, and laws; all act as if judgment debtors are somehow being persecuted, and that judgment creditors not any different, and often a lot worse than judgment debtors. What needs to be kept in mind is that most judgment debtors either stole something or money, received unjust enrichment, defrauded someone, damaged property, injured an entity, etc.

If one is a judgment debtor, you might have a few options. Certain laws tend to make it somewhat expensive and difficult to enforce a judgment, and one option is to sometimes for the time being, ignore judgments.

When one is broke, ignoring judgments may be reasonable, because only the judgment debtor's income streams or assets can be garnished to recover judgments. Be aware that failing to pay a judgment or arranging a basic repayment plan, could subject one to sometimes repeated and always unexpected wage or bank garnishments.

If the judgment amount owed isn't large, it could end up easier and cheaper, to just pay what you owe, to get a notarized judgment satisfaction which needs to be stamped by a court.

If you are a judgment debtor, you may attempt to reach an agreement with your judgment owner, maybe you can reach a settlement with them.

Particularly if a judgment is new, certain judgment owners think that judgments are warranted, and won't ever satisfy their judgment for nothing less than every dollar due, and the court-approved costs and interest.

Most often, a judgment eventually expires. On the other hand, in most every state, a tenacious judgment owner might renew their judgment "forever".

Certain judgment creditors will never give up, and will hire a collection attorney, or will assign their judgment to a judgment enforcer. Recovery experts are experts in locating a judgment debtor's assets, and then paying a sheriff to garnish them, to pay toward satisfying the judgment.

If judgment debtors have some assets and a persistent enforcer or creditor is continuously attempting to pay a Sheriff to garnish their wages, bank accounts, and property; being the judgment debtor is "exciting".

Two common methods some judgment debtors may thwart repaying judgments, is either if they win an attempt to vacate a default judgment, or with bankruptcy protection.

For a judgment debtor, satisfying judgments, by achieving an agreement with a judgment owner, or an entity owning the judgment, often is be a smart decision.

http://www.JudgmentBuy.com - where Debts and judgments quickly get enforced by an expert - matched expertly for free, to the debtor. Mark Shapiro, a expert on judgments. We pay for leads, and offer the best no obligation free leads for collection agencies, enforcers, and contingency collection lawyers.

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