Payment Of Judgment Debt In Kings

State:
Multi-State
County:
Kings
Control #:
US-0024LTR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

Form popularity

FAQ

If a Transcript of Judgment has been filed with the County Clerk, once the Debtor pays off the Judgment, the Creditor has a legal responsibility to prepare and sign a Satisfaction of Judgmentfor the benefit of the Debtor, so that all liens and record of Judgment can be removed from the County Clerk's office.

New York is one of the few states that protects your bank account by requiring the judgment creditor and the bank to take certain steps before your bank account can be levied or restrained.

It also highlights the responsibilities and rights in regards to the debt for both you and any creditors. Judgments used to appear on your credit report as a negative item or derogatory remark, meaning they would only fall off your report after 7 years.

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Payment Of Judgment Debt In Kings