This form is a sample acknowledgment by the defendant that the plaintiff has satisfied a ruling in favor of the defendant.
Illinois Satisfaction of Judgment for Civil Trial
State:
Multi-State
Control #:
US-PI-0065
Format:
Word;
Rich Text
Instant download
Description
How to fill out Satisfaction Of Judgment For Civil Trial?
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FAQ
A creditor can use the judgment to collect money from you. They may take some of your wages, money in a bank account, or sell your home. The process is commonly called garnishment even if a Citation to Discover Assets form is used.
If a judgment is old, it may need to be revived before it can be enforced. Illinois law governs the enforcement and resurrection of judgments. Under Illinois law, judgments have an enforcement time limit of seven years from the date of their entry.
If a judgment is old, it may need to be revived before it can be enforced. Illinois law governs the enforcement and resurrection of judgments. Under Illinois law, judgments have an enforcement time limit of seven years from the date of their entry.
A satisfaction of judgment is a document signed by a judgment creditor and generally filed with the court, indicating that a judgment has been paid in full.
Understanding What Judgment-Proof Means In Illinois, these exemptions include: A homestead exemption for as much as $15,000 of equity in the home, or $30,000 if owned by a married couple. Wage protection if the debtor's weekly income after taxes is less than 45 times the Illinois minimum wage.
A default judgment occurs in Illinois civil cases when the defendant has been properly served with a complaint and summons and has failed to file an answer to the complaint by the first court date or to appear in court for the first court date.
Judgments, unless they fall into an exception below, live in 7 year installments. But with the right timing, a judgment can be enforced for 27 years. After a judgment is entered, the person who is owed the money, called the "creditor," can enforce the judgment for 7 years.
You can also attempt to collect money from the debtor's bank accounts. This is called levying the bank account. To do so, you file a Citation to Discover Assets to the debtor's bank. Learn more about how to levy money in a debtor's bank account and use our easy form to fill out the third-party citation paperwork.
