Judgments--Satisfying Money Judgments

Question 1

What does a judgment mean for a creditor?

Answer 1

They are entitled to payment as the prevailing party
* Creditor by virtue of having a judgment

Question 2

How are judgments paid?

Answer 2

By obtaining a lien on the debtor’s property and then converting that mlien into money, usually by levying on the property

Question 3

What is one option by which a creditor is not ordered to pay debts?

Answer 3

By means of contempt–this is only available for parents who failed to pay child support

Question 4

What is the duration of a judgment creditor’s rights?

Answer 4

Twenty years–can be extended for additional 20 years by motion to the court that rendered the judgment
* Alternatively, the creditor may obtain a new judgment by bringing an action to the hold judgment

Question 5

What remedies are available for federal judgments?

Answer 5

All rights of a VA state court judgment–treated the same

Question 6

How does one enforce a sister state judgment in Virginia?

Answer 6

They must be “domesticated,” which means the creditor need only:
1. Register the judgment in the office of the clerk of the court where the enforcement is sought AND
2. Notify D of the registration in writing