Arkansas Judgment refers to the legal decision reached by a court of law in the state of Arkansas that concludes a civil lawsuit. It serves as a final determination on the rights and obligations of the parties involved in a case. In simpler terms, it is the court's ruling on the outcome of a lawsuit. When a court in Arkansas renders a judgment, it typically means that it has issued a decision in favor of one party over another, resolving the legal dispute at hand. This decision may require monetary compensation or initiate specific actions to be taken. It is crucial to note that judgments can be entered for both plaintiffs (the party initiating the lawsuit) and defendants (the party being sued). There are different types of Arkansas Judgments, depending on the circumstances of the case: 1. Money Judgment: This is the most common type of judgment in Arkansas. It requires the defendant to pay a specific amount of money to the plaintiff as a result of the lawsuit. The court may determine the exact sum, or it may be decided through negotiations or settlement discussions between the parties. 2. Default Judgment: If the defendant fails to respond or appear in court after being properly served with legal documents, the court may issue a default judgment in favor of the plaintiff. This type of judgment is entered when one party fails to participate or defend themselves adequately. 3. Summary Judgment: This judgment is granted when the court finds no genuine dispute of material facts and believes that one party is entitled to judgment as a matter of law. It can be sought by either party before the trial, based on the evidence presented. 4. Injunction Judgment: This type of judgment requires the defendant to refrain from doing or continue doing a specific act. It is typically issued when irreparable harm could occur, and the court deems it necessary to intervene and provide equitable relief. 5. Declaratory Judgment: This judgment is sought to obtain a legal declaration on the parties' rights and obligations under a particular contract, statute, or set of circumstances. It provides a conclusive determination of the legal position, often before any harmful consequences arise. In conclusion, Arkansas Judgment refers to the final decision reached by a court in Arkansas in a civil lawsuit. It can be of various types, such as money judgment, default judgment, summary judgment, injunction judgment, or declaratory judgment. Each type serves a specific purpose and is based on the unique circumstances of the case.
Arkansas Judgment
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A Judgment only lasts for 10 years unless, ing to the Arkansas Supreme Court, the creditor files a post-judgment writ, which then re-news the 10-year period. Traditionally, if a creditor wishes to re-new the original judgment, he must petition the court for a revival of the judgment.
(a) Interest on a judgment entered by a circuit court on a contract shall bear interest at the rate provided by the contract or ten percent (10%) per annum, whichever is greater, and on any other judgment at ten percent (10%) per annum, but not more than the maximum rate permitted by the Arkansas Constitution, Article ...
Debt collectors can only take money from your paycheck, bank account, or benefits?which is called garnishment?if they have already sued you and a court entered a judgment against you for the amount of money you owe. The law sets certain limits on how much debt collectors can garnish your wages and bank accounts.
If you have trouble collecting the money that the judge has found you are entitled to, there are two possible causes of action available to you: a writ of garnishment and a writ of execution. The writ of garnishment of wages will order an employer to take out a certain amount from the defendant's paycheck.
And some states also allow judgment liens on the debtor's personal property -- things like jewelry, art, antiques, and other valuables. In Arkansas, a judgment lien can be attached to real estate only (such as a house, condo, or land).
If the married couple or joint owners of a property do not have a tenancy by the entireties title, any lien can attach to the person's interest in the property. Whether it's judgment or confessed judgment, the lien will attach to the homeowner's interest, making the lienor a co-owner of the property.
So, federal law governs in Arkansas (with one exception, see below): If your disposable earnings are 30 times minimum wage or less, your wages can't be garnished.
Arkansas vs. Federal Exemptions Type of exemptionArkansas lawHomestead$800 to $2,500, or 80 acres with no regard to value, depending on two state homestead exemption optionsPersonal propertyClothing exempt without regard to value; $200 or $500 aggregate for all other personal propertyVehicle$1,2002 more rows ?