Is there a statute of limitations on a court judgment?
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Is there a statute of limitations on a court judgment?
Asked on July 1, 2015 under Bankruptcy Law, Tennessee
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
Yes, there is a staute of limitations. After a creditor wins a lawsuit against you and is awarded a judgment by the court, there is a time limit for collecting on it. If a creditor waits unitil after that time to collect, they are barred from doing so since the judgment will have expired. However, if they use that judgment to obtain a lien, the lien will remain in place until paid off. Additionally, judgments can be renewed. In TN, a judgment is good for 10 years.
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