Every year, countless judgments of many different types, are awarded to people and entities. When all courts and court types are totaled, including civil, small claims, federal, bankruptcy, and family and criminal courts; the total number of judgments awarded each year must be amazing.
Judgments are not cash, they are a chance at getting some cash in the future. This article is my opinion, and not legal advice. I am a judgment evaluation expert, and am not a lawyer. If you ever need any legal advice or a strategy to use, please contact a lawyer.
The common thread to all judgments, is that someone or something was harmed, damaged, ripped off, defrauded, robbed, a law was violated, or even someone became sufficiently annoyed. When a judgment names someone or something liable as a judgment debtor for a certain amount of money, that becomes a judgment that could one day provide some payments to the judgment owner.
Many judgments start from unpaid personal or business loans that creditors made, and the creditors include people, companies, banks, etc. Here are the top ten most common reasons people or entities start civil lawsuits to win judgments:
1) Money was lent, or credit was extended, that was not repaid.
2) A contract was breached, usually a business contract.
3) Someone was defrauded, robbed, or cheated.
4) Someone or something was damaged or destroyed, an example would be an auto accident. I bet there are more people driving now without insurance than ever before.
5) A tax bill, a service, or a some product, that was not paid for.
6) Something was not returned. This is usually something rented or lent. A rental car not getting returned would be one example.
7) Some law was violated. One example would be someone sued for spamming or faxing the wrong person too many times. Another example would be a bank that did not respond to a court subpoena to produce records, or an employer that did not respond to a court-ordered employee wage levy.
8) Someone did not pay all the rent they owed, and/or damaged someone else's property. An example of this would be a property eviction.
9) Someone owes for family or spousal support debts.
10) Someone stole property or money, or copied intellectual property.
Some money judgments also come from criminal courts, usually in the form of restitution judgments. No matter what the reason is that a judgment gets rendered, judgments are not cash, and do not recover themselves. Some court clerks have never even seen a satisfaction of judgment form. Most judgments are never repaid, and most eventually expire.
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