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How do I collect my money once a trial court awards a judgment?
North Carolina statutes provide a process whereby the local sheriff is first involved in judgment collection by locating and selling certain assets of the debtor. Proceeds are applied toward the judgment balance. In the event the sheriff is unsuccessful in satisfying the judgment through a sale of assets, supplemental proceedings are available to a judgment creditor whereby they may inquire about the location and value of assets, as well as pursue a court-ordered sale or transfer. Fraudulent transfer statutes help to protect creditors from debtors who unfairly conceal assets by transferring them to third-party businesses or individuals. Judgment collection from the third party to whom the asset(s) were transferred involves a new lawsuit.
This information applies to All Counties in North Carolina.