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.
A Texas Release of Judgment Lien on Properties and Assets of Defendant is a legal document that is used to declare that a judgment lien filed against a defendant's properties and assets has been released or satisfied. This document serves as proof that the lien has been lifted and the defendant is no longer indebted to the plaintiff. In Texas, there are two types of Release of Judgment Lien on Properties and Assets of Defendant: 1. Voluntary Release of Judgment Lien: This type of release is initiated by the plaintiff, also known as the judgment creditor. Once the defendant has satisfied the judgment amount, the creditor may voluntarily release the lien by filing the appropriate paperwork with the county clerk's office. This release ensures that the defendant can freely transfer or sell their properties without any encumbrances caused by the judgment lien. 2. Court Order of Release of Judgment Lien: In some cases, the defendant may request the court to issue an order for the release of the judgment lien. This typically occurs when the judgment has been paid off or when the defendant presents evidence that the lien was improperly filed. The court will review the request and, if satisfied, will issue an order directing the release of the judgment lien from the defendant's properties and assets. This court-ordered release provides legal protection to the defendant and releases any legal claims on their assets. It is important to note that the Texas Release of Judgment Lien on Properties and Assets of Defendant must be filed with the county clerk's office where the original lien was recorded. It serves as public notice that the lien has been released and that the defendant's properties and assets are no longer encumbered. Keywords: Texas, Release of Judgment Lien, Properties, Assets, Defendant, Voluntary Release, Court Order, County Clerk's Office, Satisfaction, Proof, Plaintiff, Indebted, Lien Release, Transfer, Sell, Encumbrances, Court-Ordered Release, Public Notice.
