Is There A Statute Of Limitations To Collect My Judgment?
Yes. In Maryland, judgments expire in 12 years. However, it varies in other states. Petitioning the court before the expiration date can extend the time limit.
Other Maryland Collections-Creditors Rights FAQs
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Q:
Can I Collect Interest On My Judgment?
A: Yes. Interest began accruing on the judgment date at the legal rate of interest set by the court (approx. 10%) in the state of Delaware. The interest rate, in most … More -
Q:
Is There A Guarantee That A Collection Agency Will Recover The Debt?
A: No. Sometimes the defendant has no assets to seize. -
Q:
How Long Before The Creditor Can See Any Results From An Agency?
A: A typical case takes 150 days to locate the defendant and see what assets they may have.