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.
In Texas, exempt property covers what you need to live on. Here's a brief list of the major categories of exempt property: Your homestead is exempt up to 10 acres of urban property (single or family) and up to 100 acres of rural property (single) and 200 acres (family).
Texas is one of a few states that allows for 100% homestead protection, meaning your primary residence cannot be seized to satisfy most judgments. Additionally, Texas law provides exemptions for personal property, retirement accounts, and certain types of insurance policies.
You must file a Motion to Set Aside Default Judgment and Notice of Hearing within 30 days of the date the default judgment was signed by the judge. See Texas Rule of Civil Procedure 329(b). In Justice Court, the deadline is 14 days. See Texas Rule of Civil Procedure 505.3.
Once the judgment is entered, the creditor — now called a judgment creditor — can use the court's help to collect the debt. This might include garnishing your paycheck, freezing your bank account, or even trying to take your property. Responding quickly can help you avoid a worse-case scenario.
The first step in lien release or removal is to contact the judgment creditor or its attorneys, inform them that the lien is invalid (see Part One below) or is currently showing against the homestead (see Parts Two and Three below) and then make formal demand that the creditor execute a partial release—or legal action ...
A judgment is a lien on real estate for 7 years from the time it is entered or revived. 735 Ill. Comp. Stat.
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.
In Texas, a judgment lien can be attached to real estate only (such as a house or land).
Generally, to file a judgment lien, an abstract of judgment must be issued by the justice court. Some justice courts have a form available on their website to request an abstract of judgment.
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.