Sector2
kiwifarms.net
- Joined
- Nov 2, 2023
In California a judgment accrued interest at 10%, and every 5 years you could 'consolidate' into one lump sum and then get interest on both the initial amount and the interest to that date. You can renew the judgment (if you wish to keep it active) after 10 years, then again for a total of 30 years.So how does one usually pay this down? Can you pay some amount every month over a period of time? I'd be pretty suicidal if I owed 300k tho lol
A $300K judgment might mean you have to move to Florida and hide income and assets behind offshore companies, trusts, and shady lawyers.