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So, the law allows the creditor to question the debtor about assets, income and debts. This process is called a Judgment Debtor Examination. It is a legal proceeding, initiated by the creditor, in which the debtor is summoned to appear in Court to answer inquiries by the petitioning creditor.
A default judgment (or a judgment in default) is a judgment made by the court against a party because they failed to do something. For example, failing to file a document required by the court within a given period of time. Depending on the nature of your claim, a default judgment can be: A final judgment.
Of course, even where default judgment is entered, that is not necessarily the end of the matter. The defendant may be able to have the judgment set aside if it can persuade the court that it has a real prospect of successfully defending the claim or there is some other good reason why the judgment should be set aside.
As the name suggests, a Rule 68 Offer of Judgment is, in fact, an offer permitting a plaintiff to accept and enter a judgment against a defendant on specified terms, subject to the courts approval of the settlement via Rule 68.
The filing party must request service of the citation on all named defendants within ninety (90) days of the date of filing commencing the case. The Court counts 90 calendar days beginning on the day after the date of the filing of the petition for divorce.
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A judgment debtor examination is a court proceeding created by law where the party who has obtained a judgment in court is entitled to ask questions of the person who owes that judgment. What do the questions cover? The questions are limited to inquiries about your property, assets, debts, and income.
Any judgment is presumed to be paid and discharged ten years after the judgment was rendered, however, a motion to extend judgment will renew the judgment for a period of ten years if sought within ten years from the initial judgment.
A judgment remains on your credit record for 5 years or until it is paid in full or a rescission is granted by the courts. Although not always the case, in general a consumer is listed as defaulting before a credit provider applies for a judgment.
Both you and the judge will be able to ask the debtor questions about the debtors finances. This includes how much money or property the debtor owns, how the debtor earns it, and where it is kept. Sometimes, it is necessary to include other people in the Hearing, if they have pertinent information.
Louisiana Statute of Limitations on Debt Collection In Louisiana, the statute of limitations on debt collection is three years for open credit card accounts, ten years for oral contracts, ten years for written contracts, and ten years for promissory notes.

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