Judgment Debts

Judgment debts are financial obligations a person or entity must pay after losing a court case. When someone sues another and wins, the court issues a judgment requiring the defendant to pay a specific amount of money. If the defendant does not pay voluntarily, the creditor can take legal steps to recover the debt. These debts are legally binding and remain payable until settled, including any interest or additional costs incurred. Judgment debts help ensure fairness by enforcing court decisions, but they can also impact a person’s credit and assets if not paid promptly.