Pennsylvania Partial Release of Judgment Lien

State:
Multi-State
Control #:
US-OG-1079
Format:
Word; 
Rich Text
Instant download

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This is a form of a Partial Release of Judgment Lien

How to fill out Partial Release Of Judgment Lien?

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FAQ

Hear this out loud PausePennsylvania 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.

The Order of Execution is given to a sheriff or constable who will have the power to take the defendant's property, schedule a sale, and then hold the sale. Any proceeds from the sale can be applied towards the judgment.

If you do not have the money, they might seize assets, have liens placed on property, or garnish your wages. If you find yourself on the wrong end of a lawsuit, an attorney can help you take the necessary steps to protect yourself.

A plaintiff can seize tangible personal property which are items such as household furnishings, jewelry, and business and office equipment.

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.

Hear this out loud PauseThe creditor can transfer the judgment to any county where the debtor has property. Judgment liens on real property stay in place until they are paid or otherwise released. This situation can cause problems when you try to sell the property.

If a judgment debtor does not voluntarily pay the judgment, the judgment creditor can try to collect the money from the judgment debtor involuntarily. This is called ?executing? the judgment. A judgment creditor can execute upon a judgment debtor's wages, real property, bank account, or cash box.

5 Steps How to Collect a Judgment in Pennsylvania File Your Judgment With the County Courts. ... File Your Writ of Execution (This the Key for the Sheriff to help you) . ... Seize Bank Accounts by Sending Questions (Interrogatories) to the Banks. ... Levy and Sell Personal Assets and Vehicles. ... Levy and Sell Real Property / Land.

Hear this out loud PauseTo obtain a judgment lien, you must first record the judgment with the court of common pleas in the county where the debtor owns property. The lien will stay in effect for five years, but can be renewed, if the debtor does not sell the property within that time period.

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Pennsylvania Partial Release of Judgment Lien