If an owner of an interest in real property has had a judgment obtained against him or her, this form addresses a release of that judgment lien.
Colorado Release of Judgment Lien by Creditor
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State:
Multi-State
Control #:
US-OG-540
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Word;
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How to fill out Release Of Judgment Lien By Creditor?
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FAQ
Rule 369. Execution and Proceedings Subsequent to Judgment (d) Order for Debtor to Answer. At any time when execution may issue on a judgment, the judgment creditor shall be entitled to an order requiring the judgment debtor to answer such interrogatories concerning his property as shall be approved by the court.
If a judgment directs a party to execute a conveyance of land or to deliver deeds or other documents or to perform any other specific act and the party fails to comply within the time specified, the court may direct the act to be done at the cost of the disobedient party by some other person appointed by the court and ...
Under Rule 69, Colorado Rules of Civil Procedure, judgment debtors will appear before the magistrate judge only upon subpoena. An attorney seeking the appearance of a judgment debtor must contact the secretary of the appropriate magistrate judge.
What Is The Colorado Homestead Exemption? The Colorado homestead exemption protects equity in a home from judgment creditors and the Chapter 7 bankruptcy trustee. It prevents judgment creditors from foreclosing on liens that may have arisen from unsecured debt, such as credit cards or medical bills.
On motion for post-trial relief in an action tried without a jury, the court may, if a ground exists, open the judgment if one has been entered, take additional testimony, amend findings of fact and conclusions of law or make new findings and conclusions, and direct entry of a new judgment.
The lien of such judgment shall expire six years after entry of judgment unless, prior to the expiration of such six-year period, such judgment is revived as provided by law... The six-year limitations period runs from the date of judgment, not the date the judgment is filed in Colorado.
A Rule 69 deposition allows us to search the debtor's financial records and examine their bank accounts and statements.
If the debtor does not comply with the court order to pay you, your attorney can file a Transcript of Judgment to obtain a lien on their property so that it can be used in collection proceedings. If the debtor has property in more than one county, you must record this in every county where the property is owned.