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Renew the judgment Money judgments automatically expire (run out) after 10 years. To prevent this from happening, the creditor must file a request for renewal of the judgment with the court BEFORE the 10 years run out.
In Florida no judgment, order, or decree of any court shall be a lien upon real or personal property within the state after the expiration of 20 years from the date of the entry of such judgment.18 In order to retain a lien for the maximum period of 20 years, the certified copy of the judgment must be recorded
What happens if you have a judgment against you in Florida?Once a judgment creditor identifies non-exempt property, the creditor can file a writ of execution and direct the sheriff to seize the non-exempt property. In the case of a bank account, the creditor can obtain a writ of garnishment and serve it onto the bank.
A civil judgment in Florida is good for at least 20 years. That means that some judgments entered in the late 90's are still valid and enforceable as of the date of this article. Judgments in Florida are not self executing.
An unsatisfied judgment in the state of Florida will last for 20 years from the stamped date. If the judgment remains unsatisfied nearing the 20th year, it is advisable that you bring an action on the judgment in the same court in order to obtain a new judgment.
Keep in mind that if you do NOT pay the judgment: The amount you owe will increase daily, since the judgment accumulates interest at the rate of 10% per year. The creditor can get an order telling you to reimburse him or her for any reasonable and necessary costs of collection.
This is the formal written document about the outcome of a lawsuit. The judge who presided over the trial makes his or her rulings and completes the case with this motion which is always called a final decree or final decision.
Step 1: Investigate Assets. The first step in enforcing a judgment is to investigate the collectible assets of the opposing party against whom you obtained a judgment (the debtor). Step 2: Execute the Judgment. The next step is to execute the judgment upon the debtor's collectible assets.