A Virgin Islands Release of Judgment Lien — By Creditor is a legal document that allows a creditor to release or remove a judgment lien placed on a debtor's property in the US Virgin Islands. This lien release is typically filed with the Virgin Islands Department of Finance or other relevant local authorities, and once accepted, it frees the debtor's property from the encumbrance of the judgment lien. Keywords: Virgin Islands, Release of Judgment Lien, By Creditor, legal document, creditor, debtor's property, US Virgin Islands, lien release, judgment lien. Types of Virgin Islands Release of Judgment Lien — By Creditor: 1. Conditional Release of Judgment Lien: In some cases, a creditor may agree to release the judgment lien conditionally, meaning that certain conditions must be met by the debtor, such as making partial payments or fulfilling specific obligations, before the complete release of the lien is granted. 2. Unconditional Release of Judgment Lien: An unconditional release means that the creditor releases the judgment lien without imposing any conditions on the debtor. Once this type of release is filed and accepted, the lien is immediately removed, and the debtor's property is no longer encumbered. 3. Full Satisfaction Release of Judgment Lien: When the debtor fulfills their entire obligation to the creditor, the judgment lien can be released in full satisfaction. This type of release is often used when the debtor has paid off the debt in full, and the creditor acknowledges that the lien is no longer necessary, and the debtor is free from any further obligations. 4. Partial Release of Judgment Lien: In certain situations, a creditor may agree to release a portion of the judgment lien upon receiving a partial payment. This type of release allows the debtor to partially regain control over their property while still having an outstanding debt. 5. Release of Judgment Lien with Modification: Sometimes, a creditor may agree to modify the terms of the judgment lien release. This could involve adjusting the repayment plan, extending the payment deadline, or altering other aspects of the initial judgment lien arrangement to facilitate a more favorable resolution for both parties. It is important for both creditors and debtors to understand the various types of Virgin Islands Release of Judgment Lien — By Creditor, as they provide avenues for resolving debt-related issues and ensuring the appropriate handling of judgment liens within the legal framework of the US Virgin Islands.