What will happen if I can’t pay a creditor after an judgement has been made?
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What will happen if I can’t pay a creditor after an judgement has been made?
I now have a judgment against me but can’t pay it. How will they get their money and can I get in trouble?
Asked on August 14, 2012 under Bankruptcy Law, Ohio
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If there is a judgement against you then the creditor can execute on the judgement in any way that the law will allow in your state: levy a bank account, garnsh wages, file a lien on real property, etc. It may be possible for you to negotiate with the creditor. Seek other options. Good luck.
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