Kentucky Statutes 187.440 – Installment payment of judgment — Default
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(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 KRS § 187.620.
Effective: January 1, 1947
History: Created 1946 Ky. Acts ch. 118, sec. 16, effective January 1, 1947.
(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.
Terms Used In Kentucky Statutes 187.440
- Cabinet: means the Transportation Cabinet. See Kentucky Statutes 187.290
- Judgment: means any judgment which has become final by expiration without appeal of the time within which an appeal might have been perfected, or by final affirmation on appeal, rendered by a court of competent jurisdiction of any state or of the United States, upon a cause of action arising out of the ownership, maintenance or use of any motor vehicle, for damages, including damages for care and loss of services, because of bodily injury to or death of any person, or for damages because of injury to or destruction of property, including the loss of use thereof, or upon a cause of action on an agreement of settlement for such damages. See Kentucky Statutes 187.290
- License: means any operator's license, temporary instruction permit, or temporary license issued under the laws of this state pertaining to the licensing of operators. See Kentucky Statutes 187.290
- Nonresident: means every person who is not a resident of this state. See Kentucky Statutes 187.290
- Proof of financial responsibility: means proof of ability to respond in damages for liability, on account of accidents occurring subsequent to the effective date of said proof, arising out of the ownership, maintenance or use of a motor vehicle in
amounts meeting the requirements of KRS §. See Kentucky Statutes 187.290 - Registration: means registration certificates and registration plates issued under the laws of this state pertaining to the registration of motor vehicles. See Kentucky Statutes 187.290
(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 KRS § 187.620.
Effective: January 1, 1947
History: Created 1946 Ky. Acts ch. 118, sec. 16, effective January 1, 1947.