Legal Question in Landlord & Tenant Law in Florida

lawsuits

if judgement is against me, do I have to pay?? What law says I must? what happens if I don't?


Asked on 5/05/07, 9:24 pm

1 Answer from Attorneys

Scott R. Jay Law Offices of Scott R. Jay

Re: lawsuits and Judgments

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

You do not have to pay a judgment but the judgment holder may pursue payment while it remains alive which is currently ten years with the right to renew the judgment for one (1) additional ten year period. The judgment will make getting any form of credit much more difficult and, if available, more expensive.

An open judgment may stop you from buying a home or a car or other high ticket item where credit is needed. Bad credit may also affect you if you apply for a job and your credit history is checked or if the potential employer should search the public records.

Please remember that interest will accrue on the unpaid judgment until it is satisfied. What starts out as a reasonable sum may become much more costly over the course of time.

Scott R. Jay, Esq.

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Answered on 5/05/07, 10:17 pm


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