Legal Question in Credit and Debt Law in Tennessee

judgment

I have a judgment against me for a bill that is at least 12 years old. I have made a payment arrangement, and I was late with a payment. They have now served a levy/execution. What does this mean? I know that they will come in and take property, but is it just for the payment amount or the total amount due. If they do come and take personal belongings will I still be responsible for further payments or will they come and take things ever so often until debt is paid?


Asked on 12/22/06, 3:58 pm

2 Answers from Attorneys
LAURA TEK LAW OFFICE OF LAURA TEK

Re: judgment

Did they just get the judgment against you? Any bill older than 10 years is barred by the statute of limitations. The creditor must have done some fancy talking to get you to agree to a judgment against you for a bill that was 12 years old. That's a shame because if it was that old, you did not have to agree to anything. But now that a judgment is entered against you and you've started making payments on it, so you in fact you created a NEW obligation to pay this old debt; so the statute of limitations no longer applies. You should have contacted LAWGURU sooner.

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Answered on 12/22/06, 4:07 pm
Mark S. Moroknek Kelly & Curtis, PLLC.

Re: judgment

A judgment execution directs the Sheriff to collect whatever remains due under the judgment plus interest. If the levy is served on a bank with a restraining notice, it freezes the account until the

judgment is satisfied.

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Answered on 12/22/06, 5:24 pm


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