Assignment Of Judgment

If a judgment is entered against you, a debt collector will have stronger tools, like garnishment, to collect the debt. A judgment is an official result of a lawsuit in court. In debt collection lawsuits, the judge may award the creditor or debt collector a judgment against you.

Analytic judgements have no descriptive content. Synthetic judgements have just descriptive content. Evaluative judgements go beyond descriptive content.

Once a judgment is paid, whether in installments or a lump sum, a judgment creditor (the person who won the case) must acknowledge that the judgment has been paid by filing a Satisfaction of Judgment form with the court clerk.

It is divided into five types unlike judgement which is final in itself. A decree may be final or preliminary. It is a formal declaration or adjudication and is conclusive in nature. A decree is of three kinds namely, preliminary decree, final decree and partly preliminary & partly final.

Assigning your judgment means that you forfeit ownership of your judgment permanently. It is a one-way sale that cannot be reversed except by finding and obtaining the cooperation of the person you assigned it to; or working and paying for a court order voiding the judgment assignment to them.

A creditor can file for a Judgment on Affidavit (also known as an Affidavit Judgment) if it has documents that it believes prove that a Defendant owes the creditor a specific amount of money.