Virgin Islands Abstract of Judgment
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How to fill out Abstract Of Judgment?
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FAQ
The purpose of an abstract of judgment is to create a public record and create a lien or claim if necessary on any real estate owned or later acquired by the loser located in the county in which the abstract of judgment is recorded.
Complete an Abstract of Judgment (EJ-001) . Have it issued by the clerk and pay the issuance fee by submitting the document to the court location where your case was filed or you may also submit the document by eFile. Give the original issued Abstract to the County Recorder and pay their recording fee.
The easy definition is that a judgment is an official decision rendered by the court with regard to a civil matter. A judgment lien, sometimes referred to as an ?abstract of judgment,? is an involuntary lien that is filed to give constructive notice and is to attach to the Judgment Debtor's property and/or assets.
The lien created by the recorded Abstract of Judgment continues for 10 years from the date of entry of the money judgment, and can be renewed for additional 10-year periods.
To do this, fill out an EJ-001 Abstract of Judgment form and take it to the clerk's office. After the clerk stamps it, record it at the County Recorder's Office in the county where the property is located. Place a lien on a business.
In the context of a civil case, abstract of judgement is a document disclosing a monetary award issued by the court in favor of a judgement creditor against a judgement debtor. It includes the rate of interest to be paid on the judgment amount, court costs, and any specific orders for the judgement debtor.
An abstract is a brief summary of a judicial judgment, usually written by a barrister or academic for publication in law reports. Abstracts are of particular use in legal research because they condense the essential points of long, complex judgments into a few paragraphs.
If the judgment debtor owns real property, you may record an Abstract of Judgment with the County Recorder which will act as a lien against all real property owned by the judgment debtor in the county in which the lien is recorded. Complete an Abstract of Judgment (EJ-001)PDF and submit to the court to be issued.