If an owner of an interest in real property has had a judgment obtained against him or her, this form addresses a release of that judgment lien.
Indiana Release of Judgment Lien by Creditor
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Multi-State
Control #:
US-OG-540
Format:
Word;
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How to fill out Release Of Judgment Lien By Creditor?
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FAQ
If the creditor is granted an automatic ?default judgment? it will later allow the Creditor to garnish 25% of your wages, seize money in your bank accounts and place a lien on your real estate. Indiana Bankruptcy Attorney, Lloyd Koehler can protect your wages and your real estate.
Indiana Liens and Limitations NATURE OF LIENCITATIONWHEN LIEN ATTACHESJudgment Liens: Indiana City Courts33-35-5-8Upon recording with Clerk of Circuit CourtLandlord's Crop Lien32-31-1-19Upon recording of a financing statement at least 30 days before crops matureLis Pendens32-30-11Upon filing notice with the Court1 more row
§ 8.01-458. A judgment is enforceable for a twenty-year period from the date it is rendered.
Every judgment and decree of any court of record of the United States, of Indiana, or of any other state shall be considered satisfied after the expiration of twenty (20) years. [Pre-1998 Recodification Citation: 34-1-2-14.] As added by P.L.1-1998, SEC. 6.
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 entered by the Court is a legal determination that another person owes you a certain sum of money and court costs. Your judgment has been recorded and is valid for 10 years and can be renewed. It is a lien on any real property in this county owned by the debtor now or in the future.
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.
Certain actions, such as murder or kidnapping, have no statute of limitations. Thus, even if you are suspected of murder thirty years after the fact, you can still be prosecuted. However, the same situation would not apply if you had stolen a piece of candy from a grocery store.