My question involves judgment recovery in the State of: Indiana
My parents owned a business that purchased some houses. They personally guarantied the loans. The loans have been forclosed and now they have a judgment against them.
First how long does the judgment last?
Since they have no money or equity in their home to pay it back what could the bank do about it? (Their personal home is not with the same bank)
I have heard the judgment can last for 10 years can they renew it after that?