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How often does a judgement need to be renewed? Can this go on indefinetly until the person has assets worth attaching?
Dallas, TX
Viewed 33 times.
Posted 6 months ago in Bankruptcy / Debt
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I have a 2.2 million dollar judgement again a former business partner. Presently, he has no known assets. How do I find a lawyer to go after him, for aportion of the funds?
Answers (1)Lu Ann Trevino
This attorney is licensed in Texas.
Posted 6 months ago.
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These comments are made for educational purposes only and do not constitute legal advice. No attorney-client relationship exists between us.
A judgment is good for 10 years and can be renewed every ten years as long as you remeber to do it.. Also, the judgment is accruing interest and is being reported to the credit bureaus. If the judgement was written properly, it should say that you are entitled to all writs necessary to collect the judgment. You must abstract the judgment in any county in which you has reason to believe the judgment debtor has property/assets. You have the right to propound discovery in aid of post-judgment collection. He has to answer truthfully, at least at the moment. Look for a debt collection attorney here on Avvo. |