Release Of Judgement Forms Withheld

State:
Multi-State
Control #:
US-OG-543
Format:
Word; 
Rich Text
Instant download

Description

The Partial Release of Judgment Lien form is designed to formally release a specific property from a lien associated with a judgment while maintaining the integrity of the overall judgment against the debtor's other assets. This form is particularly useful for legal professionals such as attorneys, paralegals, and legal assistants who are managing liens and judgments in their practice. Key features of the form include space for the judgment amount, debtor details, property description, and a clear indication that the release is partial, protecting the lien on other properties. Users must complete the document accurately with all necessary details, ensuring that excluded properties remain encumbered. The form also requires an acknowledgment by a notary, which adds a layer of authenticity. This form is generally used in situations where a judgment creditor wishes to permit the sale of a specific property while still retaining claims against other properties. It helps facilitate real estate transactions without fully extinguishing the creditor's rights. Overall, this form serves as an essential tool for facilitating legal and financial transactions while preserving legal rights.
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FAQ

Small claims court is part of the district court division of the North Carolina state court system. Magistrates decide cases in small claims court. The maximum amount of money that can be requested in a small claims case varies by county, from $5,000 to $10,000. What is a magistrate?

A judgment must begin with clear recital of facts of the case, cause of action and the way the case has been brought to the Court. A Judge must have essential facts in mind, and its narration should be brief but without any mistake. The importance of first paragraph of the judgment cannot be overemphasized.

If you do not pay the judgment, the judge can order you to appear in court. This is called an Application And Order For Appearance and Examination (EJ-125) . You can be ordered into court every 4 months to furnish information to aid in the enforcement of judgment until you pay the judgment.

Tells the court and others that a judgment has been paid in full or in part. Can be recorded with a county to release a lien against the judgment debtor's land or filed with the Secretary of State to release a lien against the debtor's personal property.

Generally, the creditor gives the debtor (person who owes the money/property) the completed Satisfaction of Judgment (form GF-129) to file with the Clerk of Circuit Court and pay the filing fee. Satisfactions of Judgment can be filed electronically via the Wisconsin Courts System eFiling.

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Release Of Judgement Forms Withheld