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Dear Patrick- $23K at 10% interest for 10 years is $60K

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Quasi just has to file a renewal. It doesn't really work like credit card debt. The court doesn't like when it says you have to pay money and you don't...

[URL unfurl="true"]https://www.courts.ca.gov/8213.htm[/URL]


Money judgments automatically expire (run out) after 10 years. To prevent this from happening, you as the judgment creditor must file a request for renewal of the judgment with the court BEFORE the 10 years run out. If the judgment is not renewed, it will not be enforceable any longer and you will not be able to get your money.


Once a judgment has been renewed, it cannot be renewed again until at least 5 years later. But make sure it is renewed at least every 10 years or it will expire.

When the judgment is renewed, the interest that has accrued will be added to the principal amount owing. From that point on you are entitled to interest on the accrued interest.

  • For example, let’s say you have a judgment for $20,000 and after nearly 10 years the debtor has not paid you anything. The judgment accrues daily interest of $5.48 ($20,000 x 10% = $2,000; $2,000 ÷ 365 days gives you the daily interest). You seek to renew the judgment after about 9 years and 10 months, or exactly 3,605 days. The accrued interest is $19,755.40 (3,605 days x $5.48).

    Once that interest is added to the original judgment, a renewed judgment of $39,755.40 can be entered. The new daily interest will accrue at a rate of $10.89/day ($39,755.40 x 10% = $3,975.54 ÷ 365 days).
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Better return than the average market
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RobertMewler

RobertMewler

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FurBurger said:
To hold out for ten years he's going to have to pay a lot in lawyer's fees, and then Quasi will have to pay his own lawyers, and then that goes on the bill, too.

And while I think Quasi's suffered enough, I really would like him to take the half-hovel.
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Taking away their dump would be great but those two shitheads (Drinky and Pig) would just live in her mother's lakeside cabin. It's not like they have day jobs they need to commute to every day.
 
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[URL unfurl="true"]https://travel.state.gov/content/travel/en/legal/travel-legal-considerations/internl-judicial-asst/Enforcement-of-Judges.html[/URL]

"There is no bilateral treaty or multilateral convention in force between the United States and any other country on reciprocal recognition and enforcement of judgments."

Maybe he will stay in Costa Rica?
 
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