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
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FAQ
Rule 2.612 - Relief From Judgment or Order (A)Clerical Mistakes. (1) Clerical mistakes in judgments, orders, or other parts of the record and errors arising from oversight or omission may be corrected by the court at any time on its own initiative or on motion of a party and after notice, if the court orders it.
With certain limited exceptions, the Michigan court rules define the ?final? decision in a case as ?the first judgment or order that disposes of all the claims and adjudicates the rights and liabilities of all the parties.? MCR 7.202(6)(a)(i).
A judgment from a Small Claims case expires six years after it is issued. Most other judgments in Michigan expire 10 years after they are issued. You can renew a judgment before it expires by filing a motion to renew a judgment.
If the defendant does not pay the judgment as ordered, you will have to collect your money through an execution against property or a garnishment. To get an execution against property or garnishment, you will first need to know: Where the defendant lives and works.