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When must a judgment be paid?

Region: Ontario Answer # 561

If you win a lawsuit, the judge will normally order the other person to pay you for damages you suffered and for your court costs. If you are owed money you are called a creditor and the person who owes you the money is called the debtor. The judgment may say that the debtor must pay the money owed right away, or it may allow the debtor to pay the money over a period of time according to a payment schedule. Often, the judgment says nothing about when the money must be paid.

If you are a creditor, you should speak to the debtor, to make sure that the person knows how and where to pay you. Sending a letter to the debtor is a good idea. The letter should confirm the amount owing, including all the interest to date, and when you expect to receive payment. If the debtor does not pay the money owed, you will have to take steps to collect it.

Taking steps to collect on a judgment is called enforcing a judgment.

More information about judgments can be found from the Ministry of the Attorney General. View the Ontario Courts of Justice Act for Postjudgement and Prejudgement Interest Rates.

 

If you are having financial difficulties and want to clear your debt and repair your credit, you can get help. For easy-to-understand debt solutions on your terms, contact our preferred experts 4Pillars and rebuild your financial future. With 60 locations across Canada, they will help you design a debt repayment plan and guide you with compassionate advice. No judgment. For help, visit 4Pillars or call toll-free 1-844-888-0442 .

If you are having legal difficulties because of a past criminal record and wish to erase your record, call toll-free 1-888-808-3628 or learn more at Pardon Partners. It’s easier than you think.

For legal advice and assistance with enforcing a judgment, or for any Small Claims Court matter, contact our preferred experts, George Brown Professional Corporation .

 


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