Colorado Release of Judgment Lien - Full Release
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FAQ
* You need to make sure to collect your money before your judgment expires. * If you were awarded a money judgment in County Court, it will expire 6 years from the date of the judgment. * If you were awarded a money judgment in District Court, it will expire 20 years from the date of the judgment.
Rule 69 - Execution and Proceedings Subsequent to Judgment (a) In General. Except as provided in C.R.C.P. 103 or an order of court directing otherwise, process to enforce a final money judgment shall be by writ of execution. (b) Proceedings for Costs.
A judgment creditor can use law enforcement to collect. Having won a judgment, the creditor can levy bank accounts, garnish wages, and a receiver in a business in order to collect the debt. The creditor can make you show up in court and testify about your assets and their locations.
For example, Colorado law currently permits a judgment debtor's ?watches, jewelry, and articles of adornment? to be seized, but the first $2,500 of sale proceeds must be returned to the judgment debtor. The exemption amounts for each particular type of property vary significantly.
Generally, a lien of judgment expires six years after the entry of judgment unless revived. Colo. Rev.
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.
Tells the court and others that a judgment has been paid in full or in part. Can be recorded with a county to release a lien against the judgment debtor's land or filed with the Secretary of State to release a lien against the debtor's personal property.
(1) A writ of continuing garnishment shall be a lien and continuing levy against the nonexempt earnings of the judgment debtor until such time as earnings are no longer due, the underlying judgment is vacated, modified or satisfied in full, the writ is dismissed, or for 91 days (13 weeks) following service of the writ, ...
