Judgment Lien On Personal Property Without Administration In Illinois

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

Description

The Judgment Lien on Personal Property Without Administration in Illinois form provides a mechanism for creditors to secure a legal claim against the personal property of a debtor following a judgment. This form is especially useful for attorneys, partners, and legal assistants when filing liens to collect debts without the need for formal estate administration. Key features of the form include the ability to specify the debtor's details and the jurisdiction where the judgment is filed, ensuring that the lien is enforceable against the debtor's property. Users must complete the form with accurate names, addresses, and relevant dates to ensure it is legally binding. It is advisable for users to stay organized and maintain copies of the documentation for their records. The form is relevant in situations where real property interests are at stake, and there is a need to protect creditor rights against potential asset dissipation. Legal assistants can streamline the filing process by ensuring all information is correct and by following up on any additional counties where the debtor may have assets. Overall, this form is a vital tool for any legal professional representing creditors in Illinois.

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FAQ

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.

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.

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.”

How does a creditor go about getting a judgment lien in Illinois? 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.

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.

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Judgment Lien On Personal Property Without Administration In Illinois