Alaska Release of Judgment Lien - Full Release
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How to fill out Release Of Judgment Lien - Full Release?
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FAQ
If your judgment has already expired, you should consult an attorney before taking any action. California judgments last for 10 years from the date they were entered. If you win a judgment issued by a federal court, you may start collecting right away. The defendant has 30 days to file an appeal or post a bond.
The renewal of judgment allows the creditor to take legal action to collect the debt, including wage garnishment, bank levy, and even property foreclosure. This can be done by enforcing the judgment through court orders such as garnishment, levying on bank accounts, and foreclosing on property.
The Plaintiff may execute the judgment, which is a court procedure to seize the Defendant's property or collect the money from the Defendant's bank account, PFD, or paycheck.
Judgments are valid until satisfied or discharged; however, when a period of five years lapses, the judgment holder must file a motion with the court and prove sufficient cause for failure to obtain a writ of execution. Alaska Stat. § 09.35. 020.
How do I collect on my judgment? You may collect the money owed you in one of two ways: either the debtor pays you voluntarily or you can execute on the debtor's property by getting a writ of execution from the judge.
How do I collect on my judgment? You may collect the money owed you in one of two ways: either the debtor pays you voluntarily or you can execute on the debtor's property by getting a writ of execution from the judge.
You must hire a levying officer (a registered process server or a sheriff's deputy) to collect your judgment. You cannot serve the Writ yourself. Look at the information you have about your debtor's assets. Then tell the levying officer about the assets and where they are.