The short answers is, yes, you should absolutely pay a judgment. There is an exception, though, if you feel that a “Motion to Vacate” is applicable. If your judgment is vacated due to a Motion to Vacate, you will not be legally obligated to pay the debt. However, with regard to the contract, you may still be liable.
Judgment or Lien: How Can I Keep My House and Property?
January 5, 2010 By
If you are worried that you may lose some of your assets due to a judgment or lien your creditor is filing or has threatened to file, you should be. You can definitely lose assets if a judgment is awarded to your creditor. Your creditor must go to court with the debt matter if the debt has gone a certain number of months without being paid. It is unfortunate that it will likely cost you in one way or another if the matter goes to court. The result reached in court will be unique, just as every person’s individual situation is unique.
