Ohio Agreed Judgment
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FAQ
When the court signs a judgment, the court shall endorse thereon a direction to the clerk to serve upon all parties not in default for failure to appear notice of the judgment and its date of entry upon the journal.
When one party's liability to another has been determined but the extent of liability remains to be determined by further proceedings, the party held liable may make an offer of judgment. It must be served within a reasonable time--but at least ten days--before a hearing to determine the extent of liability.
If a judgment is entered against an individual and that individual pays the judgment, either in full or in an amount the judgment creditor agrees to accept as full payment, the creditor then files a satisfaction of judgment with the court.
Once a creditor has a obtained the judgment, they seek to collect the money owed under the judgment through various means including: garnishing wages, placing a lien on a debtor's bank account and withdrawing money from that account pursuant to a court order or placing a judgment lien on personal property that a debtor ...
If the judgment debtor fails to pay, the judgment creditor may request that the court seize the debtor's property, sell it, and collect the judgment from the proceeds.
If the judgment debtor fails to pay, the judgment creditor may request that the court seize the debtor's property, sell it, and collect the judgment from the proceeds.
"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.
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.