What is a post-judgment discovery?
Post-judgment discovery is a legal process that allows a creditor to collect money from a debtor after a judge has already made a ruling. It allows the creditor to collect more information about the debtor’s assets and debts, as well as their financial situation. It is done through a number of methods, including interrogatories, requests for production of documents, and depositions. In North Carolina, post-judgment discovery is allowed as a way to locate assets that the debtor holds and that can be used to pay the owed debt. This could include vehicles, real estate, bank accounts, and other liquid assets. It is also used to find out if the debtor is currently employed and making wages, so that the creditor can garnish these wages if permitted. Post-judgment discovery is a crucial tool in creditors’ rights law, as it helps them get the funds that are owed to them. While it can be a long and tedious process, it is a necessary step to ensure that creditors get the money that they are owed by the debtor.
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