Judgment Against Property Without Income Proof In North Carolina
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FAQ
Household exemption typically includes clothing, furnishings, appliances, books, and other household items that are used as part of everyday residential existence.
Certain real or personal property used as a residence. Employee group life insurance benefits. Proceeds from public pension plans. Specific personal property such as a burial plot, health aids, or a motor vehicle.
(f) All claims barrable under the provisions of subsections (a) and (b) hereof shall, in any event, be barred if the first publication or posting of the general notice to creditors as provided for in G.S. 28A‑14‑1 does not occur within three years after the death of the decedent.
Real Property can be exempted up to $35,000 in equity. There are various caveats to this exemption, which is commonly called the “homestead” exemption. Importantly, you must be residing in the real property to use the homestead exemption.
A defendant is “judgment proof” if he or she is actually or effectively financially insolvent. This term applies exclusively to civil law matters, and is not, strictly speaking, a formal legal defense.
After a default has been taken, a judgment can be taken by either submitting documentation with a declaration as to the truth of the documents, or by having a prove-up hearing, where testimony is taken and documents are submitted. So the answer is yes. They can't execute the judgment without finding you, though.
A person may be considered judgment proof if: The judgment being sought far exceeds the defendant's available assets, financial resources, and insurance coverage.
You can look at your credit report at .annualcreditreport or you can go to the local clerk for the courts and search the county database. If there are judgments in other jurisdictions you would have to look there as well.
