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Can a judgment create a lien against assets acquired LATER?
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Posted by Armadillo
(12.213.78.230) on June 24, 2003 at 01:13:30:
Apple & Oranges. Apparently the statute of limitations only applies to the creditor seeking a civil judgment that could lead to a lien or garnishment, but not the period after said judgment. After a judgment is rendered, another period begins: the time that a judgment remains enforceable, which in California is six or seven years. Additionally, at the end of that term, some states even permit a vigilant creditor to renew this period of enforceability. (So is it unending?) Also, I've been under the impression that if one has no vulnerable assets, then holders of unsecured debt -- i.e., credit card debt -- have no recourse. (By the way, can collection agencies sue for a judgment, or is this option only open to the original lender?) Perhaps most important here is this question which I hope someone will definitively answer: CAN A JUDGMENT CREATE A LIEN AGAINST ASSETS ACQUIRED LATER?
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