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If your creditor takes you to court and you lose the suit, then you’re considered the judgment debtor and you may be required satisfy a monetary award, the judgment debt. With a judgment against you, your creditor has made the first step in recovering the debt and has position them to use the courts to their advantage. Even if you have a judgment against you, the law still provides you with certain rights which can vary from state to state.

Following a judgment, the creditor’s lawyer may act aggressively to try to collect on the judgment. After a judgment has been issued against you by the court, your creditors’ attorney may start post-judgment proceedings. Depositions upon written questions, depositions upon oral examinations, production of documents and things, written interrogatories and permission to enter upon your property or land for inspection may all be used to discovery your assets. Such discovery is aimed at locating your assets; questions may include: where do you bank, what are your account numbers, what cars do you own, what recreational vehicles you own and do you own stocks and bonds. Copies of your checking account bank statement, savings account bank statements, tax returns and property titles may be requested.

Once a judgment is obtained, the creditor’s attorney has many court tools available to payoff the debt: garnishment of your wages, attachment and levy and other legal methods.

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