This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Lien Forms With Child In North Carolina
Category:
State:
Multi-State
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
A judgment will be effective for 10 years after rendered by the court and may be renewed.
Any action to renew a judgment must be filed before the original judgment has expired. Since a judgment in NC is good for 10 years this means any renewal must be filed within 10 years.
A judgment in North Carolina is good for ten (10) years and can be “renewed” one time for an additional 10-year period. The word “renew” is in quotes because it actually requires the filing a new lawsuit based on the debt owed from the original judgment.
A judgment lien is created automatically on any property owned by the debtor in the North Carolina county where the judgment is entered. For any debtor property found outside the county, the creditor must file the judgment with the county clerk for the county where the property is located.
Under North Carolina law judgment liens expire ten years from entry of the judgement. The bankruptcy, however, can extend the statute of limitations in favor of the pre-petition lien holder in certain circumstances.
If you do not timely respond or contact the plaintiff's counsel, the plaintiff may move for entry of default and default judgment against you. If that judgment is obtained, the defendant may receive a “Notice of Right to Designate Exemptions,” which begins the process of attempting to collect the judgment against you.
A judgment will be effective for 10 years after rendered by the court and may be renewed.
The NC law clearly gives the creditor a 10 year period to enforce his lien and the statutes, N.C.G.S. § 1-234, and § 1-23 appear to extend the time period when execution is restrained.
