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People also ask
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Do judgements go away?
Most judgments (the court order saying what you're owed) expire in 10 years. This means you can't collect on it after 10 years.
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What is an example of a judgment creditor?
If the debt is not paid, the judgment creditor has the authority to take additional steps. These could include seeking enforcement of the judgment by garnishing wages and potentially seizing bank accounts. Here's another example. A judge may place a lien on a debtor's car for nonpayment of a car loan.
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What property can be seized in a judgement in South Carolina?
And some states also allow judgment liens on the debtor's personal property -- things like jewelry, art, antiques, and other valuables. In South Carolina, a judgment lien can be attached to real estate only.
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How to enforce a judgement in SC?
First, the creditor has to apply for an execution by the Sheriff. These executions rarely create any benefits. After the Sheriff returns the execution uncollected (also called Nulla Bona), then the creditor must file an action called Supplemental Proceedings with the Master-in-Equity.
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Can you go to jail for not paying a judgement in South Carolina?
No, you cannot go to jail for not paying a judgment. A judgment means the company can try to collect from you, it does not mean you have to pay them if you are unable to. (See South Carolina Legal Services' brochure: “Being Judgment Proof”.
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What happens after creditor wins judgment?
You owe the full amount right away unless the judge ordered a payment plan. The court does not collect the money. It is up to you to pay, or the debt collector to collect. You may be able to start a payment plan or negotiate with the debt collector.
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What happens if a defendant does not pay a judgment in SC?
If you do not pay the judgment within 30 days or file a Motion to Vacate the Judgment or Notice of Appeal the judgment creditor can garnish or "seize" your property.
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What is the meaning of judgement creditor?
A judgment creditor is a person or entity to whom an amount of money is owed due to a judgment that has not been paid or executed. The debt is owed by a judgment debtor and the judgment creditor may obtain discovery against the judgment debtor to aid in execution of the judgment.
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