Michigan Judgment is a court-ordered financial award that is issued to a creditor when a debtor is unable to pay an outstanding debt. The judgment is entered into a public record, so it can be used to collect the debt from the debtor. It is also known as a “civil judgment” or “money judgment.” In Michigan, a creditor can obtain a judgment through either a lawsuit or a promissory note. If a lawsuit is filed, the creditor must prove that the debtor is liable for the money owed. If the creditor wins the lawsuit, the court will issue a judgment ordering the debtor to pay the creditor the amount specified in the lawsuit. If the creditor uses a promissory note, they must obtain a judgment by filing a motion with the court. Once the court grants the judgment, the creditor is allowed to collect on the debt from the debtor. There are two types of Michigan Judgments: default judgments and voluntary judgments. If the debtor fails to appear in court or answer the lawsuit, the court will issue a default judgment in favor of the creditor. This means that the court will order the debtor to pay the full amount of the debt. A voluntary judgment is one that is entered into by both the creditor and debtor. This usually occurs when the debtor agrees to pay a certain amount of the debt.