Money For Judgment
Description
How to fill out Motion For Satisfaction Of Money Judgment By Judicial Sale?
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FAQ
Complete an Abstract of Judgment (EJ-001) . Have it issued by the clerk and pay the issuance fee by submitting the document to the court location where your case was filed or you may also submit the document by eFile. Give the original issued Abstract to the County Recorder and pay their recording fee.
If you do not pay the judgment, the judge can order you to appear in court. This is called an Application And Order For Appearance and Examination (EJ-125) . You can be ordered into court every 4 months to furnish information to aid in the enforcement of judgment until you pay the judgment.
The judgment creditor has several options for enforcing court judgment depending on the monetary damages. For some judgments, the judgment creditor can garnish the judgment debtor's wages, levy a bank account, or even have a lien placed on their property.
If you lose a civil case and are ordered to pay money to the winning side, you become a judgment debtor. The court will not collect the money for your creditor, but if you do not pay voluntarily, the creditor (the person you owe money to) can use different enforcement tools to get you to pay the judgment.
If you defaulted on a $1,000 loan at 9% annual interest and the creditor obtains a judgment a year later, the court will award the creditor $90 in "prejudgment" interest ($1,000 x . 09 = $90). Interest can be added from the time the judgment is entered into the court clerk's record until you pay the judgment in full.