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Agreement for Accord and Satisfaction of an Undisputed Hospital Claim

Agreement Satisfaction With Judgment In Virginia

Q: What is the 21 day rule in Virginia?

Rule . All final judgments, orders, and decrees, irrespective of terms of court, remain under the control of the trial court and may be modified, vacated, or suspended for twenty-one days after the date of entry, and no longer.

Q: How long is a judgment enforceable in Virginia?

VA Code Ann. 8.01-251(B). A judgment expires ten years from the date of entry.

Q: How do I enforce a judgment in Virginia?

First, the judgment creditor must obtain a Writ of Execution or Writ of Fiera Facias. The Writ of Execution is an order from the court to the sheriff to satisfy the judgment from any personal property of the debtor in the sheriff&#039;s bailiwick (county).

Category:

Contracts - Accords and Satisfaction

State:

Multi-State

Control #:

US-00436BG

Format:

Instant download

Description

The Agreement Satisfaction with Judgment in Virginia is designed for parties to formalize the resolution of an existing debt obligation, typically between a creditor and a debtor. This agreement allows for the acknowledgment of an unpaid hospital claim while providing an alternative method of payment to ease financial burden on the debtor. Key features include clearly defined payment terms, a reconciliation of the original amount owed, and stipulations to prevent further obligations upon full payment. The form details the date of the agreement, full names and addresses of both parties, and the specific amounts involved for clarity. Legal practitioners should ensure the accuracy of all involved details and guide clients on proper execution and notarization to validate the agreement. This form is valuable for attorneys, partners, and legal assistants involved in debt negotiations or settlements, providing a legally binding solution to complex financial disputes. Paralegals and associates can utilize this form to streamline resolution processes, while ensuring compliance with Virginia state laws regarding debt satisfaction.

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FAQ

Rule . — All final judgments, orders, and decrees, irrespective of terms of court, remain under the control of the trial court and may be modified, vacated, or suspended for twenty-one days after the date of entry, and no longer.

A judgment-creditor may ask the court for these things to help collect a judgment. Summons to answer debtor interrogatories. Garnishment of your income. Levy (or attachment) to sell your personal property.

VA Code Ann. § 8.01-251(B). A judgment expires ten years from the date of entry.

First, the judgment creditor must obtain a “Writ of Execution” or “Writ of Fiera Facias.” The Writ of Execution is an order from the court to the sheriff to satisfy the judgment from any personal property of the debtor in the sheriff's bailiwick (county).

The certificate of satisfaction shall be signed by the creditor or his duly authorized agent, attorney or attorney-in-fact, or any person to whom the instrument evidencing the indebtedness has been endorsed or assigned for the purpose of effecting such release.

The clerk shall record in the proper book any judgment confessed under the provisions of § 8.01-432 and the day and hour when the same was confessed, and the lien thereof shall attach and be binding from the time such judgment is recorded on the judgment lien docket of the clerk's office of the county or city in which ...

2. In civil actions that result in a judgment, all documents in the possession of the general district court shall be retained for 10 years and, unless sooner satisfied, the judgment shall remain in force for a period of 10 years; 3.