A judgment lien is created when a court grants a creditor an interest in the debtor's property, based upon a court judgment. A plaintiff who obtains a monetary judgment is termed a "judgment creditor." The defendant becomes a "judgment debtor."
Judgment liens may be created through a wide variety of circumstances. Laws regarding judgment liens vary by jurisdiction, so local laws should be consulted.
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Once you have received payment from the customer, you must complete and file an Oregon satisfaction of lien form to release a mechanic's lien in Oregon (also known as a construction lien).
The judge's decision is final. Once you receive your notice that the judgment was entered, you must send the defendant a written demand for payment. This letter must be sent by certified mail, return receipt requested. The Oregon Judicial Department does not provide forms for demand letters.
What is the statute of limitations on debt in Oregon? In Oregon, debtors have up to six years to file a debt collection lawsuit against you. Once the debt passes its statute of limitations, debt collectors cannot sue you for the debt; it will be considered time-barred or simply null and void.
Way too long to ignore. For non-governmental judgments, they last for 10 (yep, ten) years. And, so long as the creditor files a renewal prior to the expiration of that ten-year term, it is renewed for another 10 years.
How do I collect my money? If you know where the Judgment Debtor banks, you can ask the Sheriff to collect money from their account (bank account levy). If you know where the Judgment Debtor works, the Sheriff can collect 25% of the debtor's wages each pay period until your judgment is paid in full (wage garnishment).
To garnish the wages of a debtor: Complete and file a ?Praecipe? form with the court. This form is available from the Trial Court Administrator's office. 2. Obtain the writ of garnishment forms and complete the necessary information.
If you have received a judgment and the defendant refuses to pay it, you may be able to have his or her wages or bank account garnished. The court does not provide garnishment forms. The forms may be purchased at a store that sells legal forms.
