What can you do about a judgment in North Carolina?

In North Carolina, this includes execution on personal property and judgment liens on real estate. When considering what to do about a judgment, it is useful to consider how that judgment might ultimately go way in the long term.

How does a judgment work in a civil case?

A judgment is a decision from a court as to the outcome of a civil lawsuit. When a money judgment is entered, it is a determination by a court that the defendant (judgment debtor) owes that money to the plaintiff. Having a judgment allows the plaintiff to use certain court-sanctioned processes to collect the judgment debt.

When to waive judgment exemptions in North Carolina?

However, if your judgment debtor does not claim the exemptions in a timely manner – within 20 days of the service of notice on your debtor – the exemptions are waived. If your judgment debtor is a business entity or is an individual who is not a resident of North Carolina, your debtor is not entitled to claim statutory exemptions.

How long does a judgment lien last in North Carolina?

How long does a judgment lien last in North Carolina? A judgment lien in North Carolina will remain attached to the debtor’s property (even if the property changes hands) for ten years.

What does it mean to have a judgment lien?

But the person who owes the money (the debtor) doesn’t always pay up. A judgment lien is one way to ensure that the person who won the judgment (the creditor) gets what he or she is owed.