Pursuant to this form, a plaintiff who obtained a judgment against a defendant is demanding satisfaction of the judgment by payment of a sum of money sent to a specified address. If the parties are represented by an attorney, it would be preferable for the attorney representing the plaintiff to send such a letter to the attorney representing the defendant.
Maryland Letter to Judgment Debtor Demanding Satisfaction of Judgment
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Multi-State
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US-00760BG
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Word;
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How to fill out Letter To Judgment Debtor Demanding Satisfaction Of Judgment?
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FAQ
(A) The order shall specify when, where, and before whom the examination will be held and that failure to appear may result in (i) the issuance of a body attachment directing a law enforcement officer to take the person served into custody and bring that person before the court and (ii) the person served being held in ...
"Satisfaction of a judgment," which is governed by URCP 58B, means that the debtor has paid the entire amount of the judgment and all accumulated fees, costs and interest, or that the creditor has decided not to pursue further collection efforts.
If a judgment has been issued against you, the creditor can satisfy its judgment by freezing your bank account and taking a portion of your wages. Procedures differ from state to state.
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.
Satisfaction and release is the formal paperwork stating that a consumer has paid the full amount owed under a court judgment. A satisfaction and release proves that they have paid their debt and prevents creditors from trying to recover more money from them.
Subject to subsection (a)(2) of this Rule, any party may file a motion for new trial within ten days after entry of judgment. A party whose judgment has been amended on a motion to amend the judgment may file a motion for new trial within ten days after entry of the amended judgment.
Keep in mind that a satisfaction of judgment won't remove said judgment from your credit report. The credit report will simply show that the debt has been paid.
On motion of any party filed at any time, the court may exercise revisory power and control over the judgment in case of fraud, mistake, or irregularity.
