187.440 Installment payment of judgment -- Default. - Kentucky Statutes

Download pdf

Loading PDF...

187.440 Installment payment of judgment -- Default. (1) A judgment debtor upon due notice to the judgment creditor may apply to the court in which such judgment was rendered for the privilege of paying such judgment in
installments and the court, in its discretion and without prejudice to any other legal
remedies which the judgment creditor may have, may so order and fix the amounts
and times of payment of the installments. (2) The cabinet shall not suspend a license, registration or a nonresident's operating privilege, and shall restore any license, registration or nonresident's operating
privilege suspended following nonpayment of a judgment, when the judgment
debtor gives proof of financial responsibility and obtains such an order permitting
the payment of such judgment in installments, and while the payment of any said
installment is not in default. (3) In the event the judgment debtor fails to pay any installment as specified by such order, then upon notice of such default, the cabinet shall forthwith suspend the
license, registration or nonresident's operating privilege of the judgment debtor until
such judgment is satisfied as provided in KRS 187.290 to 187.620. Effective: January 1, 1947
History: Created 1946 Ky. Acts ch. 118, sec. 16, effective January 1, 1947.