Legal Question in Credit and Debt Law in California
Court judgement
What does a court ordered judgement mean to my bank accounts and pay checks?
Asked on 3/11/03, 12:41 pm
1 Answer from Attorneys
Robert Miller
Robert L. Miller & Associates, A Law Corporation
Re: Court judgement
Thanks for your posting. If you have a judgment against you, it can be used to entirely seize your bank accounts to pay off the judgment. Your wages can also be garnished, and under California law, you can have up to 25% of your net pay taken in a garnishment, which will continue until paid.
Because a judgment can be renewed every 10 years, and can have the statutory rate of 10% interest added, and hurts your credit, you should avoid a judgment if at all possible.
Answered on 3/11/03, 5:01 pm