This notice is not from a debt collector but from the party to whom the debt is owed.
Connecticut Notice by Mail to Debtor of Action if Payment not Made
Category:
State:
Multi-State
Control #:
US-01748BG
Format:
Word;
Rich Text
Instant download
Description
How to fill out Notice By Mail To Debtor Of Action If Payment Not Made?
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FAQ
Money judgments entered in Connecticut can be secured by filing a Judgment Lien on Connecticut real estate owned by the judgment debtor. Recording judgment liens on real estate should be among the first steps taken by judgment creditors after obtaining a money judgment.
How long does a judgment lien last in Connecticut? A judgment lien in Connecticut will remain attached to the debtor's property (even if the property changes hands) for 20 years (for liens on real estate) or five years (liens on personal property).
If you don't pay the judgment, the plaintiff can ask the court for an order called an execution to collect the money from you. Some types of income and assets are protected by law. The plaintiff has 10 years to collect the judgment.
On satisfaction of a judgment, the judgment creditor shall release any judgment liens of record based thereon by sending a release sufficient under section 52-380d by first class mail, postage prepaid, to the judgment debtor and to any other interested person requesting a release.
Connecticut has a six-year statute of limitations for debt collection actions resulting from simple and implied contracts (CGS § 52-576; attachment 1).
The FDCPA and its implementing Regulation F govern the conduct of ?debt collectors? when they collect ?debt.? The statute and regulation generally define a debt collector as ?any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the collection of ...
In Connecticut a judgment creditor may apply for a financial institution execution (bank garnishment) when a judgment debtor defaults on an order of judgment payments entered by the court. The creditor can then attempt to execute on the whole unpaid debt.
Judgments are opened when a person alleges facts that if true, would render the judgment inequitable. Due to the highly methodical structure of the court system, a party must strictly adhere to the procedure in order to have a judgment opened. First, the party must file a Motion to Open or Set Aside.
