Interestingly, it seems that it is relatively easy to sieze property in Indiana to pay a judgment.
Indiana Code (IC 34-55-1-3) says:
Sec. 3. There are three (3) kinds of executions:
(1) Execution against the property of the judgment debtor.
(2) Execution against the person of the judgment debtor.
(3) Execution for the delivery of the possession of real or personal property, or such delivery with damages for withholding real or personal property.
Further, (IC 34-55-1-7) says:
Sec. 7. The execution must require the sheriff to do the following:
(1) If the execution is against the property of the judgment debtor, the execution must require the sheriff to satisfy the judgment out of the property of the debtor, subject to execution.
(2) If the execution is against real or personal property in the hands of personal representatives, heirs, devisees, legatees, tenants of real property, or trustees, the execution must require the sheriff to satisfy the judgment out of that property."
Apparently, they take civil court judgment REAL seriously in Indiana (wish they would in Texas!!).
So, in my opinion, unless you want to get your hiney in some serious hot water, I would pay the judgment (by the way, your $15 per month would barely pay the annual interest ($1500 judgment at 10% equals $150 interest, your $15.00 per month payment equals $180). At that rate, it would take a LONG time to pay the judgment. Seems that you are going to have to use some of that good credit and get a loan.