This form is a sample acknowledgment by the defendant that the plaintiff has satisfied a ruling in favor of the defendant.
New Jersey Satisfaction of Judgment for Civil Trial
State:
Multi-State
Control #:
US-PI-0065
Format:
Word;
Rich Text
Instant download
Description
How to fill out Satisfaction Of Judgment For Civil Trial?
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FAQ
NEW JERSEY 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. N.J. Stat. Ann. § 2A:14-5.
If you can't afford the payments ordered by the court, you can usually ask to change the terms of the order to fit in with what you can afford to pay. This is called an application to vary the order. You can ask to change the order for any reason if either: you made a repayment offer and your creditor accepted it.
Once you have completed the default judgment process, you are considered to be a ?judgment creditor,? that is, someone who is owed money.
After a default judgment has been entered in the court record, the Office of the Special Civil Part will mail you a postcard that shows the date and amount of the judgment entered by the court against the defendant.
If the money is not collected (liens) Request to have the judgment recorded as a lien against any real estate the debtor owns. Once the judgment is recorded in the Superior Court, the debtor cannot sell with clear title any real estate owned in New Jersey until the debt is paid.
If the defendant does not pay, it is up to you to ask the court to take further action, called 'enforcing the judgment'. The court will not do anything unless you ask it to. Information on the different ways you can try to enforce the judgment is available in the article on Enforcing a judgment.
A satisfaction of judgment is a document signed by a judgment creditor and generally filed with the court, indicating that a judgment has been paid in full.
The statute of limitations on a judgment is 20 years ? not six. Further, a creditor can renew the judgment. Also, he said, there is an exception to NJ Statute of Limitation law. ?The six-year statute of limitation does not apply to contracts between merchants or a sale of goods under NJ's Commercial Code.
