This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Illinois Assignment of Judgment to Attorney for Collection
Category:
State:
Multi-State
Control #:
US-02701BG
Format:
Word;
Rich Text
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How to fill out Assignment Of Judgment To Attorney For Collection?
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FAQ
A creditor can use the judgment to collect money from you. They may take some of your wages, money in a bank account, or sell your home. The process is commonly called garnishment even if a Citation to Discover Assets form is used.
Post-judgment proceedings include enforcement of a judgment, supplementary proceedings, non-wage garnishment and wage deduction proceedings. A supplementary proceeding is a vehicle to discover or examine a judgment debtor's assets, or to prohibit judgment debtors from transferring assets.
If a judgment is old, it may need to be revived before it can be enforced. Illinois law governs the enforcement and resurrection of judgments. Under Illinois law, judgments have an enforcement time limit of seven years from the date of their entry.
A credit reporting company generally can report most negative information for seven years. Information about a lawsuit or a judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer. Bankruptcies can stay on your report for up to ten years.
Being ?judgment proof? means you don't have enough money or assets to satisfy a court judgment against you. In short: you're too poor to pay.
You can also attempt to collect money from the debtor's bank accounts. This is called levying the bank account. To do so, you file a Citation to Discover Assets to the debtor's bank. Learn more about how to levy money in a debtor's bank account and use our easy form to fill out the third-party citation paperwork.
After a default judgment has been awarded, the respondent has one last chance to contest it. He or she will have thirty days to ask the court to vacate this judgment. After this time period has passed, the default judgment is considered final.
A creditor can use the judgment to collect money from you. They may take some of your wages, money in a bank account, or sell your home. The process is commonly called garnishment even if a Citation to Discover Assets form is used.