Legal Question in Credit and Debt Law in California

Re: Judgement

Let me answer your question about what the judgment includes first. The judgment includes the amount owed on the motorcycle after sale at an auction, the auctioneer fees, the repossession company's fees, interest accrued on the amount owed, late fees, attorney fees, costs of suit, storage fees, and anything else the plaintiff can convince the court it is out of pocket. Usually, these type of judgments exceed $10,000.

Now on to the other question as to how long it takes. Plaintiff can enter a default against you on the 31st day after you are served a summons, and will usually obtain a judgment soon thereafter. Within a few weeks thereafter, the plainitff can empty out you or your wife's bank accounts, attach you wages, put a lien on your home, commence a foreclosure process, and attach or seize any other non-exempt assets you may have.