Accounts Retrievable Systems - Definition Of A Judgment
A judgment, in a legal context, is synonymous with the formal decision made by a court following a lawsuit. It is also known as a decree or order. When a judgment is won, the court may also make a range of court orders. This can include imposing a sentence upon a guilty defendant in a criminal matter or providing a remedy for the plaintiff in a civil matter.
In the United States, under the rules of civil procedure governing practice in federal courts and most state courts, the entry of judgment is the final order entered by the court in the case, leaving no further action to be taken by the court with respect to the issues contested by the parties to the lawsuit. With certain exceptions, only a final judgment is subject to appeal.
In some legal systems (particularly civil law jurisdictions), a judgment is not considered final until after appeals have been exhausted or waived.
Winning a judgment is only the start of the collections process. It is highly likely that a creditor will have to continue with legal proceedings after they have won the law suit. This is because debtors rarely will cut a check at the first court hearing. While this may seem like a complicated process, it is the best way to ensure that your debt is being repaid.
When You Can Obtain a Judgment:
- When an individual does not respond to a complaint
- An individual does not comply with a judge’s order
- When you win a law suit
- When you are owed money to your business
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