Define: Reg. Jud.

A Reg. Jud. refers to a registered judgment, which is a court order that has been officially recorded and can be enforced against a debtor’s assets.

To register a judgment, you typically need to file an application with the appropriate court and provide the necessary documentation, such as a certified copy of the judgment and any supporting evidence.

Registering a judgment allows you to enforce it more effectively, as it creates a public record of the debt owed to you. This can help in recovering the amount owed through various means, such as garnishing wages or seizing assets.

Yes, in many cases, you can register a judgment from another state or country, depending on the applicable laws and any relevant international agreements. However, the process may vary, and you may need to meet certain requirements.

The validity period of a registered judgment varies depending on the jurisdiction. In some cases, it may be valid for a specific number of years, while in others, it may remain valid indefinitely until satisfied or discharged.

Yes, a registered judgment can be appealed, but the process and time limits for doing so will depend on the specific rules and procedures of the court where the judgment was registered.

If the debtor refuses to pay the registered judgment voluntarily, you may need to take further legal action to enforce it. This can include seeking a court order for wage garnishment, bank account seizure, or the sale of the debtor’s assets to satisfy the debt.

In some cases, a registered judgment can be discharged in bankruptcy proceedings. However, the dischargeability of the judgment will depend on various factors, such as the type of debt and the specific circumstances of the bankruptcy case.

Yes, it is possible to negotiate a settlement with the debtor even after registering a judgment. However, any settlement reached would need to be documented and approved by the court to ensure its enforceability.

In some jurisdictions, you may be able to transfer a registered judgment to another party, such as a debt collection agency. However, the transferability of the judgment will depend on the applicable laws and any restrictions imposed by the court.