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Re: Sears Judgement


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Posted by Why Chat (209.240.222.130) on June 09, 2002 at 11:55:58:

In Reply to: Sears Judgement posted by Stacey on June 09, 2002 at 10:02:28:


The interest on judgements is 12% in Ga. If this was a "foreign" judgement it expires after 5 years,if you were in Ga. at the time it was served on you,and it went through the Ga. court, then it is for 7 years.(no renewals) If there is nothing attachable now, there is nothing they can do to you.Make sure you have your bank accounts and any other assets out of reach,just in case. You only have a few years to go and it will be unenforceable and off your credit reports.
GEORGIA
INTEREST RATE
Legal: 7%
Judgment: 12%

STATUTE OF LIMITATIONS (IN YEARS)
Open Acct.: 4
Written Contract: 6
Domestic Judgment: 7
Foreign Judgment: 5


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