Wisconsin Sample Letter for Payment of Judgment
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How to fill out Sample Letter For Payment Of Judgment?
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FAQ
A judgment can remain on your credit report for seven years or until the statute of limitations expires, whichever is longer. In Wisconsin, the statute of limitations on a judgment can be up to 20 years.
Satisfaction of Judgment: A Satisfaction of Judgment is a document signed by the judgment creditor indicating that the judgment has been paid in full or in part.
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.
The Wisconsin Full Satisfaction of Lien Form is used to cancel in full a lien that has already been filed. It's most often used to release a lien claim after a lien claimant receives payment. However, they may also be released based on settlements, legal controversies, because they expired, or more.
Satisfying a Judgement After a judment is paid, either party can file a notarized "Satisfaction of Judgment" form with the Milwaukee County Clerk of Circuit Court's office.
