Wisconsin Application for Order of Satisfaction of Judgment(s) Due to Discharge in Bankruptcy is a legal document used to obtain a court order to have any outstanding judgments against an individual or business that were discharged in bankruptcy be removed from the public record. The application is typically used when a debtor has completed the bankruptcy process and wants to have the judgments that were discharged during bankruptcy removed from their credit report and other public records. This document is available in two forms in Wisconsin: the Wisconsin Application for Order of Satisfaction of Judgment(s) Due to Discharge in Bankruptcy, Form A-260 and the Wisconsin Application for Order of Satisfaction of Judgment(s) Due to Discharge in Bankruptcy, Form A-261. Form A-260 is used when the debtor has filed a Chapter 7 bankruptcy, while Form A-261 is used for Chapter 13 bankruptcy. Both forms must be completed in full and submitted to the court. The application includes information about the debtor, the bankruptcy case, the judgment(s) discharged, and a request for the court to enter an order of satisfaction of the judgment(s) due to the debtor's discharge in bankruptcy.
Wisconsin Application for Order of Satisfaction of Judgment(s) Due to Discharge in Bankruptcy
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How to fill out Wisconsin Application For Order Of Satisfaction Of Judgment(s) Due To Discharge In Bankruptcy?
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FAQ
The Satisfaction of Judgment form should be signed by the judgment creditor when the judgment is paid, and then filed with the court clerk. Don't forget to do this; otherwise, you may have to track down the other party later. It's easy to get a copy of a Satisfaction of Judgment form.
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.
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.
Primary tabs. Satisfaction is the fulfillment of an obligation. The term is often used in the context of contract law when one performs their duties under the contract. The term is also often found in the context of judgments in determining whether a party discharged their liability from a judgment.
Once a judgment is paid, either in full or in an amount the judgment creditor agrees to accept as full payment, the judgment creditor must immediately file an Acknowledgement of Satisfaction of Judgment (EJ-100) with the court (California Code of Civil Procedure (CCP) § 724.030).
In order to renew, the judgment creditor must obtain permission from the court and refile an action against the judgment debtor within 20 years. Wis. Stat.
Satisfaction of a judgment means that the judgment is no longer a lien on the debtor's real property. The courts cannot control the actions of third parties, but usually, the fact of satisfaction is recorded by the major credit reporting agencies and included in the debtor's credit history.
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.