Judicial Collection

Question 1

Judgment

Answer 1

Entitles unsecured creditor to use all of debtor’s non-exempt property to satisfy the debt

Question 2

Duration of Judgment

Answer 2

Valid for 20 years

Question 3

Judgment Lien

Answer 3

Creates an interest in a particular piece of the debtor’s property

Allows the judgment creditor to take and sell a particular piece of property to satisfy the debt

Question 4

Judgment Lien Creditor Priority

Answer 4

Judgment provides judgment lien creditor with priority over subsequent creditors