Recoverable Personal Property

You know you owe the money. The bottom line: the creditor gets a judgment against you. In North Carolina, the entry of a judgment against you can cause a creditor to put a lien on all real property you have in the County where the judgment is recorded with the county recorder as well as on all non exempt property..

Payment (or Settlement) Naturally, one could pay off a judgment which would resolved the judgment debt. Expiration of Judgment. In North Carolina, a judgment is enforceable for 10 years from the date it was entered. Voided by Bankruptcy Discharge. Set Aside or Vacate Judgment.

In order to vacate a judgment in California, You must file a motion with the court asking the judge to vacate or set aside the judgment. Among other things, you must tell the judge why you did not respond to the lawsuit (this can be done by written declaration).You may even be able to win the case.

In North Carolina, a judgment is valid for ten years from the date it was awarded by the Court. The judgment can be renewed for another ten years, giving a judgment creditor additional time to try to collect the money owed.

In North Carolina, Section 1-52.1 of the North Carolina Rules of Civil Procedure explains the statute of limitations for debts is 3 years for auto and installment loans, promissory notes, and credit cards.

Homeowners in California have the right to declare their primary residence a homestead. Claiming homestead status protects your equity from creditors in the event of a lawsuit or a bankruptcy. While you can get some homestead protections automatically, the most valuable ones require action on your part.

Assets such as IRAs, Roth IRAs, qualified retirement plans, and qualified profit sharing plans are protected under North Carolina law and federal law.

In North Carolina, a judgment is valid for ten years from the date it was awarded by the Court. The judgment can be renewed for another ten years, giving a judgment creditor additional time to try to collect the money owed.