California Agreed Judgment of Forfeiture
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How to fill out Agreed Judgment Of Forfeiture?
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FAQ
What is an asset forfeiture money judgment? A: An asset forfeiture money judgment can be obtained when the proceeds or property involved in criminal activity cannot be located. In such cases, the Government establishes the value of the assets that would be subject to forfeiture.
Stipulated Decision A decision drafted and signed by the parties when a case is settled. The ?stip decision? is then reviewed by the Court and, if acceptable, entered in lieu of trial.
A stipulated judgment constitutes a written agreement between the parties as to all matters covered by the stipulation. Rule 5.411 adopted effective January 1, 2013.
A stipulated judgment has similar effects as a regular judgment, but the main difference is the debtor agrees to gives up essential rights: The debt collector isn't required to prove you're responsible for the alleged debt. You give up any defenses you can use against the creditor, such as the statute of limitations.
A Stipulated Judgment is similar to a Marital Settlement Agreement in that the Stipulated Judgment contains agreements between the parties about all of the same issues discussed above. However, a Stipulated Judgment is usually a shorter and more abbreviated version of a Marital Settlement Agreement.
After a default judgment, the Plaintiff will try to collect the money you owe. The Plaintiff may be able to take money from your paycheck or bank account and put a lien on your property. If you don't have any assets to pay the debt, you can let the Plaintiff. They may give up or try to collect in the future.
Specifically, SB 688 amends Code of Civil Procedure section 1132(a) as follows, in pertinent part: (a) A judgment by confession is unenforceable and may not be entered in any superior court.
The terms of a stipulated judgment may cover similar topics ? custody, visitation, support, and asset division ? but they may be shorter and less detailed when compared to a marital settlement agreement.
