Agreement Satisfaction With Judgment In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00436BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement Satisfaction with Judgment in Orange is a legal document that formalizes the resolution of an existing debt between a creditor and a debtor. This form outlines the acknowledgment of the debtor's obligation, the agreement on a different method of payment, and the terms for satisfying the debt. Notably, it allows the debtor to agree to a lump sum payment that is less than the total debt, promoting financial relief while ensuring the creditor's acceptance. Key features include the specification of payment amounts, deadlines for payments, and clauses addressing default scenarios. Users can fill in the necessary information, such as dates and amounts, to tailor it to their specific situation. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form in various scenarios, such as settling hospital bills or negotiating payment plans. It fosters clear communication between parties and ensures that debt obligations are officially discharged upon settlement, making it a critical tool for both legal and financial professionals.
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FAQ
An Abstract of Judgment is recorded showing the debtor's last known address. The debtor may or may not own any property in Orange County. The Abstract of Judgment lien is recorded against the person.
(c)(1) The abstract of judgment shall be certified in the name of the judgment debtor as listed on the judgment and may also include the additional name or names by which the judgment debtor is known as set forth in the affidavit of identity, as defined in Section 680.135, filed by the judgment creditor with the ...
Most judgments (the court order saying what you're owed) expire in 10 years. This means you can't collect on it after 10 years. To avoid this, you can ask the court to renew it. A renewal lasts 10 years.
