This form is a sample letter in Word format covering the subject matter of the title of the form.
Indiana Sample Letter for Notice of Judgment - Lien
Category:
State:
Multi-State
Control #:
US-0025LTR
Format:
Word;
Rich Text
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Description
How to fill out Sample Letter For Notice Of Judgment - Lien?
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FAQ
How long does a judgment lien last in Indiana? A judgment lien in Indiana will remain attached to the debtor's property (even if the property changes hands) for ten years.
Key rules. Ind. Code 35-50-5-3 governs criminal restitution orders and provides that an order ?is a judgment lien?.? Indiana case law holds that a restitution judgment is the practical equivalent of a civil money judgment and can be enforced in the same manner. By statute, a judgment lien expires after ten years.
After the judgment is obtained, the creditor can enforce the lien right for the first ten years by attempting to foreclose on any real property or personal property the judgment debtor owns.
Of that twenty-year time span, that judgment remains a lien on the debtor's real estate and a personal judgment against the debtor for the next ten years. A judgment can be reinstated after the twenty years is up if the creditor and/or his attorney files a motion to reinstate the judgment.
A judgment lien is created automatically on the debtor's property if the property is located in the Indiana county where the judgment is handed down. For debtor property in another Indiana county, the creditor files a copy of the judgment with the circuit court clerk for that county.
The Court entered a judgment against you. When a judgment does not get paid, the Plaintiff is allowed to ask the Court to require the Defendant to come to a hearing so the Plaintiff can find out if the Defendant has any income or property which the Court can require the Defendant to use to pay towards the judgment.
The judgment lien definition is that if you owe a creditor money and don't pay, they can sue you for the balance. If the court rules in their favor, the creditor can file a judgment lien against you, which means that the court has permitted them to forcefully collect that debt from you.
(2) must be filed not later than five (5) years; after the date the statement and notice of intention to hold a lien was recorded under section 6 of this chapter. (b) If a lien is not enforced within the time set forth in subsection (a), the lien is void.
