This form is a sample letter in Word format covering the subject matter of the title of the form.
Virgin Islands Sample Letter for Authority to Enter Satisfaction of Judgment
Category:
State:
Multi-State
Control #:
US-0023LTR
Format:
Word;
Rich Text
Instant download
Description
How to fill out Sample Letter For Authority To Enter Satisfaction Of Judgment?
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FAQ
How Long Are Judgments Valid in New York? Judgments are valid for 20 years and may be extended once for an additional period of 10 years. To extend a judgment for an extra ten (10) years, the Judgment Creditor must make written application to the court that issued the original judgment.
The creditor can often place a lien on your property, such as a house or car. The lien must usually be paid off before you can sell the property. Seize assets. Sometimes, a creditor can get a court order to seize other assets or personal property you own, such as a vehicle or real estate, to satisfy the debt.
The Judgment Creditor may file or request a Property Execution asking that the property be seized and sold with the sole proceeds being used to pay off the balance due on the Debtor's judgment. There is no charge for filing or requesting a Property Execution.
A satisfaction of judgment is a document signed by a judgment creditor and generally filed with the court, indicating that a judgment has been paid in full.
When the debtor pays the judgment, the creditor must: File a Satisfaction of Judgment form with the Clerk within 20 days. The Satisfaction of Judgment form must be filed in the Court that entered the judgment, but if a Transcript of Judgment was filed in the County Clerk's office, it must be filed there; and.
