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<\/p>\nCongratulations on winning a judgment against your Defendant! Even in the glow of your victory, take note that winning a judgment doesn\u2019t automatically mean you get a check. Getting the judgment, no matter how much work you or your attorney put into getting it, can be the first step to getting paid, or what is referred to as a \u201csatisfaction\u201d of the judgment.<\/p>\n
If your Defendant pays immediately, great! The judgment is then “satisfied”.<\/p>\n
But what happens when the Defendant doesn\u2019t pay the judgment? <\/em><\/p>\n Note, even though there is expense and time involved, you can pursue satisfaction through judgment collection. The Court may or may not grant you a judgment increase to cover your collection costs. Thus you must decide how far you are willing to go to collect your judgment. It is your decision to decide if the expense and time of pursuing your judgment is worth the effort to collect.\u00a0 For many plaintiffs – it is!<\/p>\n An initial step towards satisfaction is garnishing the Judgment Debtor\u2019s wages. In Tennessee, employers even those of 1099 independent contractors, are required to garnish the Debtor\u2019s wages or be responsible for the payment of the debt. A percentage of the Debtor\u2019s wages is collected until the judgment debt is paid in full. It takes a while, but eventually, you will be paid in full \u2013 so long as they remain employed with that employer.<\/p>\n What if your Judgment Debtor is self-employed? You can still collect on your judgment but it will likely take more time and expense. Your Tennessee judgment will last ten years and can be revived to last even longer \u2013 so you\u2019ve got time if you have the patience.<\/p>\n First, you need to do some reconnaissance and maybe post-judgment hearings to determine what property your Judgment Debtor owns. Maybe he owns real property (land) and personal property like cars, A.T.V.s, motorcycles, a truck, heavy equipment, or other property.<\/p>\n Second, if the Judgment Debtor still refuses to pay, the County Sheriff can seize the personal property and sell it at auction to satisfy the judgment. If the proceeds are not enough to pay the judgment, a lien can be placed on the real property. That lien (the judgment) must be satisfied first or at the time of closing before the property can be sold. Ultimately, this means you finally get your money!<\/p>\n You may have a Judgment Debtor who is \u201cjudgment proof\u201d. This means essentially they do not have an employer from whom you can seek garnishment and don\u2019t have any real or personal property of value. If so, this may mean your judgment may be difficult to collect and will require a lot of patience.\u00a0 Nothing but time and pressure make a diamond – and your wait can pay off – especially since Tennessee’s judgment interest rate keeps rising.\u00a0 That means your judgment amount will keep growing.\u00a0 And, your judgment is good for 10 years (you can renew the judgment before it expires).<\/p>\n So, while getting your judgment is the first step towards adding to your bank account and the process can take time, ultimately you can receive satisfaction in more ways than one!<\/p>\n \n","protected":false},"excerpt":{"rendered":" Congratulations on winning a judgment against your Defendant! Even in the glow of your victory, take note that winning a judgment doesn\u2019t automatically mean you get a check. Getting the judgment, no matter how much work you or your attorney … Continue reading