187.440 Installment payment of judgment -- Default.

180 words·~1 min read·/ky/chapter-187/187-440

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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.