This form is for use in Small Claims Court in Illinois. This is a satisfaction of judgment which indicates that a judgment has been paid in full, including all fees, costs and interest. It acknowledges full and complete satisfaction of the judgment and directs that the judgment be marked as paid in full. This form is for use in Will County, Illinois. If you plan to use this form in another Illinois county, please check with the Clerk's office to be certain that this form will suffice.
Illinois Small Claims Satisfaction of Judgment
State:
Illinois
Control #:
IL-WSMC-002
Format:
PDF
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The largest amount you can seek in small claims court varies by state. In Illinois, the limit for small claims is currently set at $10,000 for most cases. Understanding these limits can help you decide if pursuing your claim will lead to Illinois Small Claims Satisfaction of Judgment, ensuring your needs are addressed.
Once a judgment is paid, whether in installments or a lump sum, a judgment creditor (the person who won the case) must acknowledge that the judgment has been paid by filing a Satisfaction of Judgment form with the court clerk.
A document signed by the party who is owed money under a court judgment (called the judgment creditor) stating that the full amount due on the judgment has been paid.
You may ask your judgment creditor to file a satisfaction of judgment form. The length of time gives to the creditor to file the form varies from state to state, but it is usually between 14 and 30 days after your request.
A document signed by the party who is owed money under a court judgment (called the judgment creditor) stating that the full amount due on the judgment has been paid.
If the judgment creditor does not immediately file an Acknowledgement of Satisfaction of Judgment (EJ-100) when the judgment is satisfied, the judgment debtor may make a formal written demand for the creditor to do so. The judgment creditor has 15 days after receiving the debtor's request to serve the acknowledgement.
A Satisfaction of Judgment is a document signed by one party acknowledge receipt of the payment. The Satisfaction of Judgment is then filed with the court. This is beneficial to the paying party for multiple reasons. One, the court is put on notice that the debt has been satisfied.
Judgments are no longer factored into credit scores, though they are still public record and can still impact your ability to qualify for credit or loans.If a civil judgment is still on your credit report, file a dispute with the appropriate credit reporting agencies to have it removed.
In order to vacate a judgment in California, You must file a motion with the court asking the judge to vacate or set aside the judgment. Among other things, you must tell the judge why you did not respond to the lawsuit (this can be done by written declaration).