If I have a judgement against me for $5,000 then by law, what is the minimum amount I have to pay each month to pay it back?
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If I have a judgement against me for $5,000 then by law, what is the minimum amount I have to pay each month to pay it back?
Asked on October 18, 2012 under Bankruptcy Law, Florida
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Under the laws of all states in this country there is no minimum amount for pay down of the $5,000 judgment against you. The way a minimum amount is established is if you and the judgment creditor enter into a written agreement as to a monthly amount agreed to be paid by you as to the $5,000 judgment.
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