The Pennsylvania Agreement to Revive Judgment is a legal document that allows a creditor to revive a judgment that has been dormant, or in default, for more than five years. This agreement is used in the state of Pennsylvania to reinstate a previously-rendered judgment that has been dormant for an extended period of time. The agreement provides a way for creditors to collect on the judgment, even if the debtor has moved out of the state. There are two types of Pennsylvania Agreement to Revive Judgment: a reviver agreement and a revival agreement. A reviver agreement is used when a creditor has obtained a judgment against a debtor more than five years ago, and the judgment is still unpaid. A revival agreement is used when a creditor has obtained a judgment against a debtor within the past five years, and the judgment has become dormant due to non-payment. In either case, the agreement must be signed by both parties and filed with the court for it to be valid and enforceable. The agreement must include the details of the debt, the amount of the judgment, the date of the agreement, the parties involved in the agreement, and the terms of repayment. The agreement must also be signed by a notary public. Once the agreement is filed, the judgment will be reinstated and the creditor may begin to collect on the debt.
Pennsylvania Agreement to Revive Judgment
Description
How to fill out Pennsylvania Agreement To Revive Judgment?
If you’re searching for a way to appropriately complete the Pennsylvania Agreement to Revive Judgment without hiring a legal representative, then you’re just in the right spot. US Legal Forms has proven itself as the most extensive and reliable library of formal templates for every individual and business situation. Every piece of paperwork you find on our online service is created in accordance with federal and state regulations, so you can be certain that your documents are in order.
Adhere to these straightforward instructions on how to get the ready-to-use Pennsylvania Agreement to Revive Judgment:
- Make sure the document you see on the page meets your legal situation and state regulations by checking its text description or looking through the Preview mode.
- Type in the document name in the Search tab on the top of the page and choose your state from the dropdown to locate another template in case of any inconsistencies.
- Repeat with the content verification and click Buy now when you are confident with the paperwork compliance with all the demands.
- ​Log in to your account and click Download. Create an account with the service and opt for the subscription plan if you still don’t have one.
- Use your credit card or the PayPal option to pay for your US Legal Forms subscription. The document will be available to download right after.
- Choose in what format you want to save your Pennsylvania Agreement to Revive Judgment and download it by clicking the appropriate button.
- Upload your template to an online editor to fill out and sign it rapidly or print it out to prepare your paper copy manually.
Another wonderful thing about US Legal Forms is that you never lose the paperwork you purchased - you can pick any of your downloaded templates in the My Forms tab of your profile whenever you need it.
Form popularity
FAQ
(c) The lien of a writ of revival or of an agreement to revive shall continue for a period of five years from the date on which the writ or agreement was entered in the judgment index.
Pennsylvania judgments are valid for 5 years. Judgments can be revived every 5 years and should be revived if a creditor is attempting to actively collect on the debt. Judgments also act as a lien against real property for up to 20 years or longer if properly revived.
If a judgment debtor has paid in full, settled, or otherwise complied with a judgment rendered in a magisterial district court, anyone interested in the judgment may request the entry of satisfaction of the judgment by filing a written request in the office of the magisterial district judge who rendered the judgment.
7068. The offer of judgment is a device to encourage settlement in that a party who refuses an offer of judgment, but does not receive a final judgment more favorable than the offer, will be assessed the costs incurred by the offer or after the making of the offer.
If you lose the lawsuit, a judgement is entered against you stating that you owe someone a certain amount of money. A copy will be given to you and the creditor. You usually have 30 days to appeal judgments. If you do not appeal, the creditor can pay a PA constable or sheriff money to try to collect the money from you.
What happens if a defendant does not pay a judgement? A creditor can enforce the judgement and use state laws to seize assets in the hands of the debtor or third parties to collect the amount owed.
A money judgment may be satisfied by (1) paying the full amount required to satisfy the judgment or (2) the judgment creditor's acceptance of a lesser sum in full satisfaction of the judgment. (Cal. Code Civ.
Pennsylvania judgments are valid for 5 years. Judgments can be revived every 5 years and should be revived if a creditor is attempting to actively collect on the debt. Judgments also act as a lien against real property for up to 20 years or longer if properly revived.