Notice For Judgment Debtor In North Carolina
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Generally, the party seeking to sell or transfer the property will need to satisfy the judgment by paying the amount owed to the judgment creditor, or negotiate a settlement or release with the creditor.
Cars are personal property, and that means that judgment creditors can typically take and sell them.
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.
JUDGMENT CREDITOR | English meaning - Cambridge Dictionary.
A judgment will be effective for 10 years after rendered by the court and may be renewed.
A judgment expires after 10 years in NC, but can be renewed one (1) time.
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.
