Question Mark ManHow long is a judgment in North Carolina? A judgment in North Carolina is usually valid for 10 years. However, a creditor who has a judgment against you may petition the court for another 10 year extension. So in theory, a creditor can have a judgment against you for 20 or more years.

To obtain a judgment against you,  a creditor must file a lawsuit against you  in court and obtain a judgment against you. A judgment is a declaration by a judge  that you owe money to someone .  Once the creditor obtains a judgment against you,  this judgment is entered into the court records.

A judgment against you can negatively affect your credit.  Anyone that runs a credit report on you  will determine that you have a judgment against you.  This may affect their ability to  provide you with credit. You may also have a writ of execution levied against you. This is when the Sheriff’s Department tries to seize property of years and sell it at a Sheriff’s auction. Check out our blog on writs of execution.

You also need to be aware if a creditor has a judgment against you  it normally attaches to real property  that you own , such as a house or land.  If you attempt to sell the house or land,  the judgment creditor  must be paid  from the profits  of the sale  of the house or land.  Once the judgment is entered by the court,  any future real estate  you may purchase  could have the judgment attached  to that newly acquired property.

Normally a judgment will be removed  if you were to file a chapter 7 bankruptcy or a chapter 13 bankruptcy.  However, be aware  that we may have to file what is known as a “motion to avoid a judicial lien” with the court to permanently removed  the judgment from your property.