This is a Plaintiff's Petition to Release Judgment to be used in the Small Claims Court for the State of Indiana. In the pleading, a Plaintiff petitions the court to release the judgment entered against the defendant(s).
Indiana Plaintiff's Petition to Release Judgment
State:
Indiana
Control #:
IN-034-SC
Format:
Word;
Rich Text
Instant download
Description
How to fill out Indiana Plaintiff's Petition To Release Judgment?
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FAQ
A Satisfaction of Judgment or Release and Satisfaction is a legal document that shows that the plaintiff has been paid all that he or she is owed, based upon the original judgment against the defendant.
How Long Does a Judgment Stay on My Credit Report? In most cases, judgments can stay on your credit reports for up to seven years. This means that the judgment will continue to have a negative effect on your credit score for a period of seven years.
Contact the creditor that filed the lien. Make payment arrangements if you cannot pay in full. Pay the lien amount in full or as agreed. Request a satisfaction of lien. File the satisfaction of lien if mailed to you. Consult a bankruptcy attorney.
In California, you must file a notarized "Acknowledgement Of Satisfaction of Judgment" with the Court. The law ignores the real world possibility of bounced checks and bankruptcy, and requires you to file the Satisfaction within 14 days.
You Can Appeal for a Vacated Judgment This can often be done with little trouble by disputing the judgment with the bureaus. Remember that you'll need to file a separate dispute for each one of the three major credit bureaus Equifax, Experian, and TransUnion to remove the judgment from all three reports.
In order to vacate a judgment in California, You must file a motion with the court asking the judge to vacate or set aside the judgment. Among other things, you must tell the judge why you did not respond to the lawsuit (this can be done by written declaration).
Paying off Judgments Will not Improve your Credit Score While the Fair Credit Reporting Act states that a judgment may stay on your credit report for as long as the statute of limitations in your state is in effect, all three bureaus remove judgments at the 7-year mark whether or not they are paid.
If you pay the full amount owed before that time, the judgment will be removed from your credit report as soon as the credit bureau receives either proof of payment from the credit provider or a valid court order rescinding the judgment.
If you've had a judgment taken against you for a debt, there are a few ways you can remove judgments from your credit report. You can appeal for a vacated judgment, dispute the inaccuracies, or simply pay it.Judgments usually show up under the public records section of your credit report.
