court judgments Tag

26 Mar What Does It Mean to Have Judgment Filed Against You?

I received the following question about judgments from a potential client:

Are judgments considered secured debt? Or, are they only considered secured to the point of being a lien above and beyond any exemptions? Isn't a judgment simply a finding by the court that you owe a debt? I am particularly interested in how judgments are dealt with in a chapter 13. I'm trying to avoid filing a 13 while I wait to see what happens with my income (up or down), and I could feasibly live through a few months of wage garnishments if necessary. However, if judgments themselves create a problem, maybe I should just file?

My response: A judgment refers to a decision by a court that has been entered into the public record.
Read More