A default judgment is a judgment entered for the plaintiff because the defendant failed to respond or appear. It resolves liability without a contest, though the court may still examine the damages.
Default is more common against defendants who are absent, insolvent or hard to serve. The resulting judgment can be easy to obtain and hard to collect, so collection risk is the dominant question.
A defendant can sometimes move to set a default aside, which adds uncertainty during the period after entry.
A default judgment is not a high-quality collection asset by default. Its value depends on the debtor's reachable assets.
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