Debt Collection, Garnishment, Repossession

questions & answers

Question: My car was repossessed back in 98. I have recently recieved court papers stating there is a judgemnt against me. How long do creditors have to try to collect a debt? Does it depend on if they keep selling the debt to different creditors?

Answer:

It depends.  In Arizona a judgment is generally enforceable for five years.  However, a judgment creditor man renew a judgment (keep it enforceable) if, within 90 days preceding the expiration of 5 years of the date the judgment was entered, the judgment creditor files a renewal affidavit with the court.  The judgment creditor can keep "renewing"  the judgment at the approach of every five year "deadline" (i.e. 90 days prior to the expiration of 5 years from the date of the last renewal affidavit filed with the court).  See, ARS § 12-1612.

 

QUESTIONS

  • My car was repossessed back in 98. I have recently recieved court papers stating there is a judgemnt against me. How long do creditors have to try to collect a debt? Does it depend on if they keep selling the debt to different creditors?

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