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Being in debt can be scary. However, being in debt to the point of having a judgment filed against you can be even worse. Fortunately, having a judgment filed against you does not mean it is the end of the world. Thankfully there are certain steps you can take to help resolve the issue.

Although a judgment is a decision handed down by a court, it is nothing more than a lien against your property. Yes, that may seem frightening, especially if your debt is substantial and you also own valuable property. However, generally speaking, you have 30 days after the notice of judgment to take action before any seizure of your property can take place.

A judgment is essentially a claim made by a creditor that a court has agreed with. During the 30 days after the judgment has been entered, you may choose to work with the creditor, reopen the case, pay the balance in full or do nothing. During this time, you can contact the creditor and work with them to settle the debt or arrange a payment plan. If able, you can also send payment to the creditor in full. If you choose not to work with the creditor and 30 days pass, the creditor can take such actions as seizing your assets, placing a lien on your home or garnishing your wages.

If you find yourself the subject of a judgment and you cannot pay the debt with either funds or property, you may want to consider filing bankruptcy. Working with an attorney can help you identify your options and make the best choice for your situation. Judgments can take collection activity to a whole new level that may create even more stress for you and your family. Taking steps to alleviate that stress is important and working with a bankruptcy attorney can help.