Difference between revisions of "Judgment (legal)"
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(New page: At law, a '''judgment''' is the end-result of a civil trial. It encapsulates the court's verdict, and orders appropriate remedies. == Recovery == A judgment is not self-executing. The...) |
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A judgment is not self-executing. The winner of a judgment must still collect assets from the losing party. Some parties are [[judgment-proof]]: that is, they have no money which a judgment can recover. Alternately, a wily "[[judgment-debtor]]" may hide assets from execution to ''appear'' judgment proof. | A judgment is not self-executing. The winner of a judgment must still collect assets from the losing party. Some parties are [[judgment-proof]]: that is, they have no money which a judgment can recover. Alternately, a wily "[[judgment-debtor]]" may hide assets from execution to ''appear'' judgment proof. | ||
| − | Many states provide a method of discovery, called "post-judgment discovery," to ensure that judgment-debtors cannot cheat justice. Texas provides this through Texas Rule of Civil Procedure 621a. | + | Many states provide a method of [[discovery]], called "post-judgment discovery," to ensure that judgment-debtors cannot cheat justice. Texas provides this through Texas Rule of Civil Procedure 621a. |
== Methods of Recovery == | == Methods of Recovery == | ||
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*[[Garnishment]], or; | *[[Garnishment]], or; | ||
*[[Attachment]]. | *[[Attachment]]. | ||
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| + | [[Category:Legal terms]] | ||
Revision as of 09:44, June 15, 2007
At law, a judgment is the end-result of a civil trial. It encapsulates the court's verdict, and orders appropriate remedies.
Recovery
A judgment is not self-executing. The winner of a judgment must still collect assets from the losing party. Some parties are judgment-proof: that is, they have no money which a judgment can recover. Alternately, a wily "judgment-debtor" may hide assets from execution to appear judgment proof.
Many states provide a method of discovery, called "post-judgment discovery," to ensure that judgment-debtors cannot cheat justice. Texas provides this through Texas Rule of Civil Procedure 621a.
Methods of Recovery
Judgments are enforceable at law through a variety of mechanisms. They are, typically:
- Execution;
- Garnishment, or;
- Attachment.
