This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Lien Forms With Miniatures In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
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FAQ
How does a creditor go about getting a judgment lien in Alabama? To attach the lien, the creditor registers the judgment with the office of probate court in any Alabama county where the debtor owns property now or may own property in the future.
Once the lien has arisen, it will continue until the liability for the amount assessed is satisfied, released or becomes unenforceable by reason of lapse of time (i.e. 10 years from the date the lien is filed) (Code Sections 40-1-2, 40-29-20, and 49-29-21).
File the lien. Include the dollar amount, a 12-digit parcel number, and an address. File the waiver of liens with the property address or legal description. You must include the county, township, or borough where the work is being completed and the waiver must be signed by the contractor.
Once the lien has arisen, it will continue until the liability for the amount assessed is satisfied, released or becomes unenforceable by reason of lapse of time (i.e. 10 years from the date the lien is filed) (Code Sections 40-1-2, 40-29-20, and 49-29-21).
In Alabama, a judgment lien can be attached to the debtor's real estate -- meaning a house, condo, land, or similar kind of property interest -- or to the debtor's personal property -- things like jewelry, art, antiques, and other valuables.
To establish a lien, a contractor or subcontractor must file a petition in the circuit court for the county where the property is located within 180 days after completing work on the property or providing materials.
These two laws are perhaps the most important statutes on debt in Alabama. In simple terms, creditors and collectors only have six years to sue for debts with a written, unsealed contract and any debts related to rent. On the other hand, they have 10 years to sue for debts in writing under seal.
A judgment is valid for ten years. Ala. Code § 6-9-1. It may be revived after that, although there is a presumption the judgment has been satisfied.
Yes, a lien may be placed on property that is jointly owned. However, the effects of that lien depend on the type of ownership that the property is under. Before discussing the terms of joint ownership, it's important that you understand exactly what liens are and what they may mean for you and your investment.
Here are four ways to avoid paying a judgment: 1) Use asset protection tools such as an asset protection trust, 2) use legal exemptions, 3) negotiate with the creditor, 4) file for bankruptcy.
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Know your rights when you get a judgment lien. To release the lien, you are to bring the notice to the Clerk's office.Please file a Notice of Lien in the Circuit Court for the county in which judgment was entered. For INCORRECTLY REPORTED JUDGMENT OR LIEN (you believe it is not yours): Contact. Holloway Credit Solutions at , ext. 1310.
