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When a trial has concluded and a verdict has been rendered by a judge or jury, the judgment must be formalized in writing by the court. Once the judgment has been rendered, either party may file what is called a post trial motion, or motion which is filed after the trial is over.
Post-judgment litigation is any legal action that seeks to enforce or to modify a previous final judgment of the Court. Usually such litigation involves the same parties to the prior proceeding. A final judgment is the Court's ultimate decision in a case and signifies the conclusion of the action in Court.
At the core, post judgment means after a judgment has been entered. In most cases, a divorce, legal separation or nullity judgment is entered by the court after the parties reach an agreement or there is a trial on the merits.
Analyze the Debtor's Assets. Foreclose on Property. Obtain the Appointment of a Receiver. Garnishment A garnishment is a legal proceeding in which a creditor attempts to obtain payment of a debt out of property of the debtor in the hands of a third person.
At the core, post judgment means after a judgment has been entered. In most cases, a divorce, legal separation or nullity judgment is entered by the court after the parties reach an agreement or there is a trial on the merits.
Renew the judgment Money judgments automatically expire (run out) after 10 years. To prevent this from happening, the creditor must file a request for renewal of the judgment with the court BEFORE the 10 years run out.
A garnishment is a post-judgment collection technique against a judgment debtor, whereby the court orders a third party (knows as a garnishee) to withhold funds, which are otherwise owed to the judgment debtor, and pay them into the court or directly to the judgment creditor.
Collecting a Judgment.Collecting a judgment can be just as challenging as winning the lawsuit in some cases. If the defendant has stable finances, they should pay the judgment uneventfully. If the defendant is going through financial difficulties, on the other hand, you may need to force them to pay you.
When you have a judgment against you, creditors will likely send you post judgment discovery. These are questions that must be answered about your assets. You are to answer them under oath and if you refuse, a Court could hold you in contempt which could lead to you being arrested.