HOW DO FINAL JUDGMENTS “EXPIRE”?
Judgments that are recorded in the public records act as a lien on any property that you own. If you have a judgment against you, consider the following: • The judgment is only good for ten years and must be renewed for it to continue to be enforceable as a claim against your property. • Your homestead is generally protected from creditors. • There is a provision in Florida Statute Section 222.01 that allows you to sell your house and not pay most judgment liens that appear in the public records as a lien against your property. • A creditor can use various methods to collect on a judgment, including taking your deposition, garnishing your wages, garnishing your bank account or seizing your personal property. • Most creditors will not be interested in seizing your personal property because it is expensive to pay the sheriff to levy on personal property. 7. EXEMPTIONS THAT PROTECT YOU FROM JUDGMENT CREDITORS Florida is one of the most debtor friendly places to live in America. We enjoy m