Delaware Abstract of Judgment is a legal document that serves as a brief summary of a court's judgment, which details the amount owed by a debtor to a creditor. This abstract is typically filed in the county where the judgment was obtained and acts as a lien against the debtor's property in that county. It helps to provide information to potential creditors, ensuring they are aware of the debtor's outstanding financial obligations. Keywords: Delaware, Abstract of Judgment, legal document, court judgment, amount owed, debtor, creditor, lien, property, county, financial obligations. There are different types of Delaware Abstract of Judgments, including: 1. Money Judgment Abstract: This type of abstract is used to enforce a judgment made by a court to collect a specified sum of money owed by a debtor. It serves as a notice to potential creditors and acts as a lien against the debtor's property located in the county where it is filed. 2. Civil Judgment Abstract: A civil judgment abstract summarizes a court's decision in a civil case, other than those involving monetary issues. It could cover matters such as property disputes, injunctions, or declaratory judgments. By filing this abstract, the judgment becomes a matter of public record and establishes a lien on the debtor's property within the county. 3. Criminal Judgment Abstract: In cases where a person is convicted of a crime, a criminal judgment abstract is prepared. It provides a concise summary of the court's decision regarding the defendant's guilt, the nature of the crime committed, the sentence imposed, and any fines or restitution ordered. This abstract may also be used to establish a lien on the defendant's property located in the county where it is filed. 4. Foreign Judgment Abstract: When a judgment is rendered by a court outside of Delaware, it may be filed as a foreign judgment abstract. This abstract is processed to make the out-of-state judgment enforceable within Delaware. It ensures that the foreign judgment is recorded as a lien against the debtor's property in the county where it is filed, allowing the creditor to pursue collection efforts locally. Keywords: Money Judgment Abstract, Civil Judgment Abstract, Criminal Judgment Abstract, Foreign Judgment Abstract, enforceable, lien, county, public record, court decision, monetary issues, conviction, fine, restitution, out-of-state judgment, collection efforts.
Delaware Abstract of Judgment
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How to fill out Delaware Abstract Of Judgment?
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The purpose of an abstract of judgment is to create a public record and create a lien or claim if necessary on any real estate owned or later acquired by the loser located in the county in which the abstract of judgment is recorded.
(a) Except as provided by Subsection (b), a judgment lien continues for 10 years following the date of recording and indexing the abstract, except that if the judgment becomes dormant during that period the lien ceases to exist.
The following are methods by which you may attempt to collect your judgment. Agreement by both parties. ... Collecting from the Defendant's Wages. ... Collecting from the Defendant's property. ... File a Lien on Real Property.
Take it to the recorder's office in each county where the debtor has real estate property - Every county has a recorder's office that keeps track of public records for its people. To place a lien on real estate, the creditor can take or send the Abstract of Judgment to their county's recorder's office.
The lien created by the recorded Abstract of Judgment continues for 10 years from the date of entry of the money judgment, and can be renewed for additional 10-year periods.
Summary judgment is a judgment given on the basis of pleadings, affidavits, and exhibits presented for the record without any need for a trial. It is used when there is no dispute as to the facts of the case and one party is entitled to a judgment as a matter of law.
An abstract of judgement creates a lien on any real estate property owned by the judgement debtor in the county in which the abstract of judgment is recorded. Issuance procedure and contents of ?abstract of judgment? varies ing to statutes.
How Long Is A Judgment Valid. You have 10 years to enforce your judgment. But, if you cannot collect the whole judgment in that time, you can get 10 more years to collect the debt. File a form called Application For and Renewal of Judgment (EJ -190) and Notice of Renewal of Judgment (EJ-195) .