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Old 02-05-2007, 02:34 PM
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How long is my Illinois judgement good for?

What is the name of your state? Illinois

I have a judgement for 638K.
How long is this good for in Illinois?
Can it be renewed?
If I cannot collect by this time, can I sue again and get another judgement?
Or, considering 9% intrest will accrue, can I just keep updating the judgement - there by extending the life?

Thanks
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Old 02-05-2007, 02:43 PM
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Quote:
Originally Posted by sdo1 View Post
What is the name of your state? Illinois

I have a judgement for 638K.
How long is this good for in Illinois?
20 years
Quote:
Can it be renewed?
Not past the 20 years.
Quote:
If I cannot collect by this time, can I sue again and get another judgement?
Depends on what you mean? On the original contract no. On the failure to pay the judgement maybe.
Quote:
Or, considering 9% intrest will accrue, can I just keep updating the judgement - there by extending the life?

Thanks
The interest rate is 8%. And the answer is no. It's 20 years Period.
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