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Money Judgments
Barrister Amna (Alevels Academy Islamabad)
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9/4/2024
A Levels Academy Islamabad
Category
📚
Learning
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00:00
Whether or not we agree that the love of money is the root of all evil, we can all agree
00:07
money is the source and end goal of many things in this world.
00:13
And consequently, money is an issue in court time and time again.
00:17
Claims and disputes over finances lead to cases that need to be ruled on.
00:22
Those rulings often result in what's known as a money judgment.
00:25
A money judgment is a court order that awards a plaintiff a sum of money.
00:30
There are a great many reasons why money could be awarded.
00:34
Anything from credit card debt to medical bills to unpaid rent.
00:38
Other reasons why money would be paid out in judgment is because of personal injury
00:42
being caused.
00:43
In these situations, the court estimates how much the damages are that will be paid out
00:48
to the person who was injured.
00:50
In addition, breach of contracts often conclude with money judgments.
00:54
Rather than force someone to fulfill the terms in an agreement they broke, the court
00:59
will often just grant money to the plaintiff.
01:02
Money judgments may also include not only a debt itself, but interest, court fees, and
01:07
attorney fees that have accumulated.
01:10
The winner in a money judgment is called a judgment creditor.
01:14
And the loser, the one who then owes the money, is called the judgment debtor.
01:20
Once a judgment is made, it has a lifetime of 20 years.
01:24
Now winning a judgment is one thing.
01:27
Enforcing and collecting on that judgment can be a whole other thing.
01:31
There are a few ways to try and collect from a judgment debtor who doesn't automatically comply.
01:36
Remember, the court cannot collect for you.
01:39
You need to obtain a certified copy of the judgment from the clerk's office.
01:44
Then record the certified copy in the county where the judgment debtor resides.
01:48
Doing this places a lien against any property they own.
01:52
A lien is the creditor's right in the debtor's property.
01:55
If the debt isn't paid, the person owed gets the property through something called
01:59
a writ of execution, which is a direction from the court to enforce a judgment, authorizing
02:05
a sheriff to obtain the property under lien.
02:09
Money judgments are complicated matters.
02:11
LegalYou is a resource that makes things a lot easier.
02:16
LegalYou.
02:17
You can do this.
Recommended
1:41
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