This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
LiensDuration Abstracts of Judgment Private Creditors Tex. Property Code §52.006(a) 10 years from recording, if no execution within 10 years of the judgment rendition State of Texas Tex. Property Code §52.006(b) 20 years after filing in the County Clerk's Office69 more rows
You are judgment proof if: You do not own anything of great value aside from exempt property like your homestead, a vehicle, household items and tools of your trade. Your income is from a protected (exempt) source.
An abstract of judgment is a document that is filed in the property records of a county. This filing provides details about the judgment and about the debtor so that it can be properly indexed. A properly recorded and indexed abstract of judgment creates a lien on the defendant's nonexempt real property.
A judgment lien is a “debt-repayment security for one or more creditors when a court order places a claim on a debtor's property situated within the court's jurisdiction.” (Black's Law Dictionary, 11th ed.) The resources listed below are not exhaustive and may not include the most up-to-date information.
The abstract informs the county in which you have filed it that there is a judgment against the debtor and it creates a judgment lien on the debtor's real estate in that county.