The District of Columbia Release of Judgment Lien — By Creditor is a legal process that allows creditors to release a judgment lien placed on a debtor's property in the District of Columbia. This release removes the lien from the property, freeing it from any encumbrances and allowing the debtor to regain full ownership rights. Keywords: District of Columbia, release of judgment lien, creditor, debtor, property, legal process, encumbrances, ownership rights. Types of District of Columbia Release of Judgment Lien — By Creditor: 1. Voluntary Release: This type of release occurs when the creditor willingly releases the judgment lien on the debtor's property. It typically requires the creditor to file a release form with the appropriate District of Columbia court or office. 2. Satisfying the Judgment: If the debtor satisfies the judgment in full, which includes paying off the owed amount plus any associated interest or fees, the creditor is required to release the judgment lien. This occurs automatically as part of the judgment satisfaction process. 3. Negotiated Settlement: In some cases, the creditor and debtor may negotiate a settlement agreement where a portion of the debt is paid, and the creditor agrees to release the judgment lien on the property. This type of release often requires a written agreement between the parties and proper documentation filed with the court. 4. Bankruptcy Discharge: If the debtor files for bankruptcy and the judgment lien is deemed dischargeable, the court may order the release of the lien. This type of release is typically handled through the bankruptcy proceedings and requires approval from the bankruptcy court. 5. Expiration of Lien: In the District of Columbia, a judgment lien is valid for a certain period of time, typically 12 years. Once the time limit expires, the lien is no longer enforceable, and the creditor must release it voluntarily or by court order. This type of release may require the debtor to request an official release from the creditor or file a motion with the court to remove the expired lien. In summary, the District of Columbia Release of Judgment Lien — By Creditor is a legal process that allows creditors to release liens placed on a debtor's property. Whether through a voluntary release, satisfying the judgment, negotiated settlement, bankruptcy discharge, or expiration of the lien, the outcome is removing the encumbrance and restoring full ownership rights to the debtor.
District of Columbia Release of Judgment Lien - By Creditor
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FAQ
A writ of execution is a process issued by the court directing the U.S. Marshal to enforce and satisfy a judgment for payment of money. (Federal Rules of Civil Procedure 69).
A money judgment is enforced by a writ of execution, unless the court directs otherwise. The procedure on execution?and in proceedings supplementary to and in aid of a judgment or execution?must with the procedure of the District of Columbia, but a federal statute governs to the extent that it applies.
Step 1. Fill out a Washington DC mechanics lien form Your information. ... Owner's information. ... General contractor's information. ... Amount claimed. ... Description of labor & materials (including first and last dates) ... Description of property. ... Copy of contractor license & certificate of good standing.
The time during which the judgment creditor is stayed from enforcing the judgment, by written agreement filed in the case, or other order, or by the operation of an appeal, may not be computed as a part of the period within which the judgment is enforceable by execution.
If the losing party does not pay the winning party, the winning party may apply for a writ of attachment on a judgment. A writ of attachment is a form issued by the Court that allows the winning party to get monies from the losing party's wages and/or bank account and other property owed to the winning party.
DISTRICT OF COLUMBIA A final judgment is enforceable for twelve years. D.C. Code § 15-101. An order of revival extends the effect of the judgment for another twelve years from the date of the revival order.
There are three things you can try to do to deal with a judgement if you can't pay: Try to negotiate a voluntary payment plan with the creditor. File to have the judgment vacated. File bankruptcy to discharge the debt.
