Can a judgment debtor live in North Carolina?

Can a judgment debtor live in North Carolina?

If your judgment debtor is an individual and a resident of North Carolina, your debtor is entitled by law to receive notice and the opportunity to claim certain “statutory exemptions.”

What kind of property can a judgment debtor not take?

There are certain types of property that a judgment creditor cannot take from a judgment debtor, even to pay a civil judgment. This property is called “exempt” property because it is excluded from the execution process.

Where can I find a judgment lien in North Carolina?

A judgment lien is created automatically on any property owned by the debtor in the North Carolina county where the judgment is entered.

What is attachment by judgment in North Carolina?

In some states levy is called attachment or account garnishment. The names may vary but the concept is the same. In North Carolina, bank accounts are not generally exempt from attachment by judgment creditors, so be careful about depositing money into a bank account if you have a judgment against you.

What can a judgment be attached to in North Carolina?

Judgment Laws in North Carolina. In every state, a judgment lien can be attached to the debtor’s real estate — meaning a house, condo, land, or similar kind of property interest. And some states also allow judgment liens on the debtor’s personal property — things like jewelry, art, antiques, and other valuables.

How long does a judgment lien stay on a property in NC?

A judgment lien in North Carolina will remain attached to the debtor’s property (even if the property changes hands) for ten years. Keep in mind: In North Carolina, a creditor’s ability to collect under a judgment lien will be affected by a number of factors — including a fixed amount…

Can a judgment lien be placed on property in South Carolina?

And some states also allow judgment liens on the debtor’s personal property — things like jewelry, art, antiques, and other valuables. In South Carolina, a judgment lien can be attached to real estate only.

When does a judgment debtor claim an exemption?

Until the required notice and opportunity to claim exemptions has been given, no execution efforts can be undertaken by you. However, if your judgment debtor does not claim the exemptions in a timely manner – within 20 days of the service of notice on your debtor – the exemptions are waived.