What Is A "Money Judgment"?
A money judgment in a civil matter is an order issued by a court that one party to the lawsuit is to pay the other party a sum of money. The amount of the money awarded is referred to as a "money judgment".
Other Mississippi Collections-Creditors Rights FAQs
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How Does A Collection Agency Work?
The debtor sends one payment each month. Agency's then share out this payment between creditors and pay them a negotiated amount. The creditors are satisfied that the … more -
Who Is The Judgment Debtor?
A judgment debtor is the person against who a judgment has been entered which remains unsatisfied. An unsatisfied judgment is typically reflected in a credit report on … more -
Can A Creditor Ask A Debtor To Reaffirm The Debt?
Yes, this means that the creditor is asking that the debtor pay the debt anyway, even after it has been discharged. A debtor may be willing to do this if there is a … more
