Wisconsin Satisfaction of Judgment or Partial Release form is a legal document used by a court or creditor in the state of Wisconsin to formally recognize the payment of a judgment debt or a partial release of a debt. The form contains the name and address of both the creditor and the debtor, the case number, the date of the judgment, and the amount of the judgment debt. It also includes the amount paid or partially released, and the amount still owed, if any. There are two types of Wisconsin Satisfaction of Judgment or Partial Release forms: One is a Satisfaction of Judgment form, which is used when a judgment debt has been paid in full; the other is a Partial Release form, which is used when only a portion of the debt has been paid. Both forms must be signed by both the creditor and the debtor, and must be notarized.
Wisconsin Satisfaction of Judgment or Partial Release form
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FAQ
Generally, the creditor gives the debtor (person who owes the money/property) the completed Satisfaction of Judgment (form GF-129) to file with the Clerk of Circuit Court and pay the filing fee. Satisfactions of Judgment can be filed electronically via the Wisconsin Courts System eFiling.
Satisfaction of Judgment: Once a defendant has paid-off a judgment, this form is used by the person receiving the money or property to let the court know that the judgment has been paid. Do not use this form to satisfy a judgment that contains an ongoing obligation, i.e. child support or maintenance.
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.
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.
Filing a partial satisfaction with the court is permitted, but it is seldom done. Partial satisfaction means that part, but not all, of the judgment has been paid. Satisfaction of a judgment means that the judgment is no longer a lien on the debtor's real property.
What Is a Partial Summary Judgement? In some cases, the court may grant a motion for partial summary judgment. The purpose of partial summary judgment is to simplify a trial by ruling on some claims, but not all. For example, the court might rule on some factual issues but leave others for trial.
If the court determines that the judgment has been partially satisfied and that the judgment creditor has not complied with the demand, the court shall make an order determining the amount of the partial satisfaction and may make an order requiring the judgment creditor to comply with the demand.
Wisconsin judgments have 10- and 20-year expiration dates, but they can be extended if the judgment creditor requests permission from the court and re-files an action against the judgment debtor.