What is a judgment?

A judgment is the court’s written decision when a lawsuit is brought regarding an issue of Debtor and Creditor Law in Florida. When a court grants a judgment following a trial, the judgment is entered into the court record and serves as a court order that the debtor must follow. The judgment typically states the amount of the debt, along with instructions for the debtor to pay the creditor and, in some cases, may also include other directives the creditor may take against the debtor. The judgment may be in the form of money, goods, or services that must be paid by the debtor to satisfy the debt. In Florida, a court-ordered judgment remains active for 20 years. The court can extend a judgment beyond that period if the money has not been paid in full. A creditor can also file a motion to have a judgment revived so that the creditor can seek payment from the debtor. Once the creditor has obtained a judgment, the creditor can use the court order to take certain steps to collect the unpaid debt from the debtor. These steps include charging interest on the unpaid debt, seizing assets from the debtor’s bank account or other property, placing a lien on the debtor’s property, and garnishing the debtor’s wages. In summary, a judgment is the court-ordered decision in a case of Debtor and Creditor Law in Florida. The judgment dictates the amount of the debt the debtor owes and instructs the debtor to pay the creditor. A judgment can be used by the creditor to take certain steps to collect the unpaid debt.

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