Massachusetts Acknowledgment of Satisfaction of Judgment is a legal document used by a debtor when they have fully repaid a judgment debt to a creditor in the state. This document is filed with the court, and when the court approves it, the judgment is officially satisfied and the debt is no longer owed by the debtor. There are two types of Massachusetts Acknowledgment of Satisfaction of Judgment. The first type is the "Acknowledgment of Satisfaction of Judgment in Full" which is used when a debtor has paid the full amount of the judgment debt. The second type is the "Acknowledgment of Partial Satisfaction of Judgment" which is used when a debtor has only partially paid the judgment debt.
Massachusetts Acknowledgment of Satisfaction of Judgment
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Acknowledgment of Satisfaction of Judgment
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FAQ
§ 5. A judgment is valid for a period of twenty years, but can be renewed within the twenty year period by the filing of a notice with the court clerk.
If you don't pay the amount required even though you're able to, you may be held in contempt of court and imprisoned or given additional costs. Pay the full amount directly to the other party (the "judgment creditor") unless the magistrate has ordered otherwise.
If a payment hearing wasn't scheduled, you can ask for a Writ of Execution 30 days after the judgment date. Give the Writ of Execution to a constable or a deputy sheriff to seize and sell the judgment debtor's property to pay the judgment.
Vacating a Judgment Dismissing a Claim Massachusetts Rules of Civil Procedure (the Rules) allow a party to move to vacate a judgment if certain parameters are met. Specifically, a judgment may be vacated due to excusable neglect, mistake or inadvertence, or because of newly discovered evidence.
With an Execution on Money Judgment, the court has decided the Plaintiff is due monies by the defendant and the Execution allows the attorney/plaintiff to ask the Essex County Sheriff's Department to enforce the execution.
Tells the court and others that a judgment has been paid in full or in part. Can be recorded with a county to release a lien against the judgment debtor's land or filed with the Secretary of State to release a lien against the debtor's personal property.