What is a judgment?

A judgment is a court order issued by a court of law in South Carolina that orders a debtor to pay a creditor a certain amount of money or other specified service. The judgment is the official ruling that the court has made after a trial or summary judgment hearing. It states the amount of money that the debtor must pay, or the other action that the debtor must take. The creditor can then enforce the judgment by taking action to collect the money owed. This may involve wage garnishment, seizing assets, or getting a lien placed on the property of the debtor. A creditor can also use a judgment to get a lien on the debtor’s assets, or a form of security interest in the property. This would give the creditor priority over any other creditors or persons that have an interest in the property. If a debtor fails to pay the creditor, the creditor may file a motion to have the debtor held in contempt of court and face legal action. The court may also issue a writ of execution ordering the sheriff to levy property to satisfy the judgment. Therefore, it is important for debtors to take their debts seriously and be aware of their responsibilities. In South Carolina, debtors are legally required to pay all debts and abide by any judgments that may be issued.

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