Judgment to Recover Possession of Motor Vehicle to Enforce Possessory Lien and to Establish Amount of Lien: This is an official form from the North Carolina Administration of the Courts (AOC), which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by North Carolina statutes and law.
North Carolina Judgment to Recover Possession of Motor Vehicle to Enforce Possessory Lien and to Establish Amount of Lien
State:
North Carolina
Control #:
NC-CVM-905M
Format:
PDF
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FAQ
In North Carolina, a judgment is valid for ten years from the date it was awarded by the Court. The judgment can be renewed for another ten years, giving a judgment creditor additional time to try to collect the money owed.
In North Carolina, a judgment is valid for ten years from the date it was awarded by the Court. The judgment can be renewed for another ten years, giving a judgment creditor additional time to try to collect the money owed.
If you fail to attend Court in accordance with the Examination Order you will be in contempt of Court and a warrant for your arrest can be issued. A judgment creditor can issue a Garnishee Order on the basis of the information the judgment creditor has obtained about your financial situation.
You know you owe the money. The bottom line: the creditor gets a judgment against you. In North Carolina, the entry of a judgment against you can cause a creditor to put a lien on all real property you have in the County where the judgment is recorded with the county recorder as well as on all non exempt property..
North Carolina's statute of limitations on most debts is 3 years.
If a judgment is entered against you, a debt collector will have stronger tools, like garnishment, to collect the debt. A judgment is an official result of a lawsuit in court. In debt collection lawsuits, the judge may award the creditor or debt collector a judgment against you.Ignore the lawsuit, or.
Understanding Judgment Liens If you owe money to a creditor and don't pay, that party may sue you for the balance. If the court rules against you, the creditor can file a judgment lien against you.Once a judgment lien is filed with the appropriate authority, it becomes attached to any personal or real property.