Call for Free Consultation 512-458-4138

Definition of Judgment

Judgment

The resolution of a lawsuit whereby the Court may enter a judgment against a debtor by a creditor. This means the creditor may pursue collection remedies to satisfy or collect on it’s judgment. These remedies may include garnishment, repossession, foreclosure or taking of non-exempt property. Secured creditors do not always have to obtain a judgment before foreclosing or repossessing collateral.

Back to Definitions


1000 Heritage Center Circle, Suite 102
Round Rock, Texas 78664-4463
ph: 512-458-4138
fax: 512-458-4213
info@austindebt.com
Copyright 2017 Law Office of Nels C. Hansen P.C.
All rights reserved. Disclaimer
Posted October 2015