What happens when you receive a default on consent judgment?
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What happens when you receive a default on consent judgment?
I set up a payment plan on a judgment last year. I missed one payment and have now received papers from magistrate court stating default on consent judgment. I have no job. My home is in foreclosure. I don’t own my car. What is going to happen? What can they take?
Asked on February 13, 2012 under Bankruptcy Law, Georgia
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If you have received a default under a consent or stipulated judgment where you were making payments on but were unable to continue doing so, the result is that there will be a judgment for the amount agreed to.
As a result, the judgment creditor will then try to collect on your assets for payment on this judgment. You might consider consulting with a bankruptcy attorney about your situation.
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