Judgment Against Property Without Income Proof In Illinois

State:
Multi-State
Control #:
US-0025LTR
Format:
Word; 
Rich Text
Instant download

Description

The Judgment Against Property Without Income Proof in Illinois is a legal document used to enforce a judgment that acts as a lien on real property owned by a judgment debtor. Key features of this form include its utility in identifying and enrolling judgments in specific counties, allowing creditors to secure their interests in real estate owned by the debtor without the need for income verification. Filling out the form involves entering details such as the names of the debtors, the counties where the property is located, and the date the judgment is recorded. Editing instructions suggest adapting the model letter format to fit specific circumstances while maintaining clarity. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in debt recovery or real estate management. It enables them to formalize claims against property effectively, ensuring legal compliance and reinforcing their position in collection efforts. Overall, this judgment form serves as a vital tool in the enforcement of creditor rights in the state of Illinois.

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FAQ

Enforcement proceedings (also known as collection actions) to collect judgments are governed primarily by 735 ILCS 5/2-1402. This statute provides three main tools for enforcing and collecting judgments: (1) the Citation to Discover Assets; (2) wage garnishment proceedings; and (3) non-wage garnishment proceedings.

To attach a lien, if the debtor's property is located in the same county where the judgment was entered, the creditor files the judgment with the county recorder.

Illinois law governs the time limit for enforcing judgment and states “no judgment shall be enforced after the expiration of 7 years from the time the same is rendered.”1 The same statute allows the 7-year limitation period to be extended “upon the revival of the judgment by a proceeding.”

Enforcement of a Foreign Judgment in the U.S. Under U.S. law, an individual seeking to enforce a foreign judgment, decree or order in this country must file suit before a competent court. The court will determine whether to recognize and enforce the foreign judgment.

A "Default Judgment" is similar to a Judge's order in that it can be used to place a lien on your property, garnish your wages and/or affect your credit.

Enforcement proceedings (also known as collection actions) to collect judgments are governed primarily by 735 ILCS 5/2-1402. This statute provides three main tools for enforcing and collecting judgments: (1) the Citation to Discover Assets; (2) wage garnishment proceedings; and (3) non-wage garnishment proceedings.

Illinois law governs the time limit for enforcing judgment and states “no judgment shall be enforced after the expiration of 7 years from the time the same is rendered.”1 The same statute allows the 7-year limitation period to be extended “upon the revival of the judgment by a proceeding.”

Enforcement proceedings (also known as collection actions) to collect judgments are governed primarily by 735 ILCS 5/2-1402. This statute provides three main tools for enforcing and collecting judgments: (1) the Citation to Discover Assets; (2) wage garnishment proceedings; and (3) non-wage garnishment proceedings.

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Judgment Against Property Without Income Proof In Illinois