A money judgment is a court order that awards the plaintiff a sum of money. The award can be owed to the plaintiff for a variety of reasons. Some examples are unpaid rent, damages to a rental unit, money borrowed, hospital bills, credit cards, and money owed for repossessed vehicles.

How does a money judgment work?

A creditor gets a judgment when it wins a lawsuit against you. Once the creditor has a judgment against you for a specific amount, that creditor can use methods to collect the money that are unavailable without a judgment.

What does it mean to have a money Judgement against you?

A judgment is a court order that is the decision in a lawsuit. If a judgment is entered against you, a debt collector will have stronger tools, like garnishment, to collect the debt. Update for renters. All debt collectors must follow the Fair Debt Collection Practices Act (FDCPA).

What is the legal definition of a money judgment?

Money Judgment Law and Legal Definition. Pursuant to the order, the judgment debtor has to pay the judgment creditor the awarded amount. The following is an example of a state statute (California) defining the term: Pursuant to Cal Code Civ Proc § 680.270, ‘money judgment’ means that part of a judgment that requires the payment of money.

Which is the best definition of a judgment?

DEFINITION of Judgment. A judgment is a court order to the loser of a lawsuit to pay the winner a specified sum of money.

What is the purpose for the execution on money judgment?

An Execution is an order from the court authorizing our office to utilize the Sheriff in causing payment to be made on the Judgment in the amount of the “Execution Total”, which includes Post Judgment Interest at 12% per year, and is good for 20 years or until the Judgment is satisfied. What is the purpose for the Execution on Money Judgment?

What happens if I fail to pay a money judgment?

A money judgment is a court order that gives the plaintiff a sum of money for reasons such as unpaid rent, hospital bills, credit cards, and more. Failure to pay a money judgment can result in a sheriff demanding payment or the seizure/selling of property.