Legal Question in Credit and Debt Law in Virginia
debt judgement
I have a judgement against me from a failed business. I have no menas of paying. I am a single mom and receive food stamps. I barely make enough money to uspport my family. What will happen if I do not pay the amount in the judgement against me?
Asked on 7/04/07, 10:15 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: debt judgement
If you are now judgment proof, meaning that you do not have assets which can be attached (or levied against)e.g., bank account, wages, or land, houses, etc., the judgment will remain unsatisfied until such time as you do have any such assets, and effective collective action is followed up on or that the judgment simply expires and is not renewed, and, ultimately remains uncollected.
Answered on 7/04/07, 10:25 pm
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