This is an official form from the Colorado State Judicial Branch, which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by Colorado statutes and law.
This is an official form from the Colorado State Judicial Branch, which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by Colorado statutes and law.
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There are four main ways to not pay a judgment: (1) use statutory exemptions, (2) use protected assets, (3) negotiate with the creditor, or (4) file bankruptcy.
The Colorado Wage Garnishment Process The creditor brings a lawsuit. Consumer creditors must sue you before they can get a garnishment order.You have 21 days to answer the lawsuit unless you're sued in small claims court. You need to file your answer with the court within 21 days.
You need to make sure to collect your money before your judgment expires. If you were awarded a money judgment in County Court, it will expire 6 years from the date of the judgment. If you were awarded a money judgment in District Court, it will expire 20 years from the date of the judgment.
Finding Assets- Disclosure Hearings. Rule 69, C.R.C.P. provides for Execution and Proceedings Subsequent to Judgment. The Rule allows a creditor to either serve written interrogatories on the judgment debtor, who must be personally served under Rule 45, CR.
A county court judgment is valid 6 years and a district court judgment is valid for 20. Judgments may be renewed for 6 or 20 years, respectively (§ 13-52-102)....Colorado Statute of Limitations. Account/TypeYearsStatuteCredit card3 or 6§ 13-80-101 or § 13-80-103.5Spoken contract6§ 13-80-103.5 (See § 38-10-124)4 more rows ?
To attach the lien, the creditor must file the judgment with the county recorder in any Colorado county where the debtor owns property now or may own property in the future.
Ways to Collect Your Judgment in Colorado Post-Judgment Interrogatories.Obtaining a Lien on Real Property.Collecting from the Debtor's Wages.Collect from the Debtor's Bank Account.Seize the Debtor's Property.Garnishment, Sale, and Levies.Charging Order.
If the debtor does not comply with the court order to pay you, your attorney can file a Transcript of Judgment to obtain a lien on their property so that it can be used in collection proceedings. If the debtor has property in more than one county, you must record this in every county where the property is owned.