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Michigan Judgment

Category:
Michigan Statewide - Civil - Civil Infraction
State:
Michigan
Control #:
MI-CIA-02
Format:
PDF
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Description

Judgment Michigan Judgment is a legal order issued by a court of law. It is a court-ordered payment of money owed to a creditor by a debtor. The creditor is usually a bank, credit union, or other financial institution, and the debtor is the person or company that owes the money. There are two types of judgments in Michigan — a judgment of conviction and a judgment of foreclosure. A judgment of conviction is a ruling that finds the debtor guilty of a crime, such as failing to pay a debt. A judgment of foreclosure is a ruling that allows a creditor to seize and sell a debtor’s property in order to pay off the debt. In either case, the judgment is binding and must be paid in full or else the debtor will face penalties, such as wage garnishment, bank account seizure, or property repossession.

Michigan Judgment is a legal order issued by a court of law. It is a court-ordered payment of money owed to a creditor by a debtor. The creditor is usually a bank, credit union, or other financial institution, and the debtor is the person or company that owes the money. There are two types of judgments in Michigan — a judgment of conviction and a judgment of foreclosure. A judgment of conviction is a ruling that finds the debtor guilty of a crime, such as failing to pay a debt. A judgment of foreclosure is a ruling that allows a creditor to seize and sell a debtor’s property in order to pay off the debt. In either case, the judgment is binding and must be paid in full or else the debtor will face penalties, such as wage garnishment, bank account seizure, or property repossession.

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