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West Virginia Release of Judgment Lien on Properties and Assets of Defendant

Category:
Releases and Waivers - Judgments
State:
Multi-State
Control #:
US-00972BG
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Word; 
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Description

A judgment lien is created when a court grants a creditor an interest in the debtor's property, based upon a court judgment. A plaintiff who obtains a monetary judgment is termed a "judgment creditor." The defendant becomes a "judgment debtor."


Judgment liens may be created through a wide variety of circumstances. Laws regarding judgment liens vary by jurisdiction, so local laws should be consulted.

The West Virginia Release of Judgment Lien on Properties and Assets of Defendant is a legal document that allows the removal of a judgment lien placed on a defendant's properties and assets. This release is typically filed when a judgment has been satisfied or when the defendant has reached a settlement agreement with the creditor. There are several types of West Virginia Release of Judgment Lien on Properties and Assets of Defendant, including: 1. Voluntary Release: This type of release occurs when the defendant voluntarily satisfies the judgment, either by payment in full or by reaching a settlement with the creditor. The defendant can then file a release of judgment lien to remove the lien from their properties and assets. 2. Compromise Release: In some cases, the defendant and the creditor may agree to a compromised amount to settle the judgment. Once the compromised amount is paid, the defendant can file a release of judgment lien to have the lien released from their properties and assets. 3. Satisfaction Release: When a defendant satisfies the judgment in full according to the court's order, they can file a release of judgment lien. This type of release ensures that the lien is removed from all properties and assets affected by the judgment. 4. Stay Release: In some situations, a stay may be granted in a judgment lien case. Once the stay is lifted due to circumstances changing in favor of the defendant, they can file a release of judgment lien to have the lien released from their properties and assets. It is important to note that the specific requirements and procedures for filing a West Virginia Release of Judgment Lien on Properties and Assets of Defendant may vary. It is recommended to consult with a knowledgeable attorney or legal professional to fully understand the process and ensure compliance with the applicable laws and regulations in West Virginia.

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FAQ

A judicial lien is created when a court grants a creditor an interest in the debtor's property, after a court judgment.

A judgment lien is a type of non-consensual lien (a lien that attaches to a property without the owner's agreement). It's created when someone wins a lawsuit against the property owner and then records the judgment against an asset such as a house, land, bank account, or other personal assets.

WEST VIRGINIA The lien will continue for 10 years from the date of entry. W.Va. Code § 38-3-7. The judgment may be renewed for an additional 10 years.

Judgment liens are involuntary, general liens. If a lawsuit results in a money judgment against the loser, the winner (judgment creditor) may obtain a lien against the loser's (the judgment debtor's) property.

Mechanics liens in West Virginia need to be filed and recorded in the county clerk's office in the county where the property is located. Each clerk's office will have its own filing fees and other specific requirements.

- A party defending against a claim may pay into court by depositing with the clerk a sum of money on account of what is claimed, or by way of compensation or amends, and plead that the party is not indebted to any greater amount to the party making the claim or that the party making the claim has not suffered greater ...

A judgment lien is a type of non-consensual lien (a lien that attaches to a property without the owner's agreement). It's created when someone wins a lawsuit against the property owner and then records the judgment against an asset such as a house, land, bank account, or other personal assets.

Involuntary Lien: A lien imposed against property without consent of the owner. Taxes, special assessments, federal income tax liens, and State tax liens are examples of involuntary liens.

West Virginia Release of Judgment Lien on Properties and Assets of Defendant Related Searches

  • w va code ann sections 38-3-5 to 7 38-3-18
  • is there a statute of limitations on property liens

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No judgment shall be a lien as against a purchaser of real estate for valuable consideration without notice, unless it be docketed according to the fifth ... Filing of affidavit; prejudgment hearing; seizure of property. In any civil action for the recovery of any claim or debt arising out of contract, or to recover ...by T Coleman · 1929 — and without notice of the judgment." Since, therefore, judgments may be liens upon the real estate of the judgment debtor, even though there be no record ... Please follow our helpful tips for opening and completing PDF forms. Magistrate Court Public Forms. Affidavit: Default Judgment · Affidavit: Eligibility for ... Pursuant to Va. Code § 8.01-453, the undersigned directs that the clerk of the court referenced in item number 3 shall enter the satisfaction, as shown ... A judgment lien on real or personal property expires after 20 years. Fla. Stat. § 55.081. GEORGIA. A judgment becomes dormant and unenforceable when seven years. The following information will be needed by the plaintiff to complete either form: (1) the name of the defendant, (2) the current address of the defendant, (3) ... The document which is filed to create the claim is called an abstract of judgment and is issued by the magistrate court clerk. If the owner of the real estate ... A judgment lien is a court ruling giving a creditor the right to take possession of a debtor's property if the debtor doesn't fulfill their obligations. by CR Mellott · 1980 · Cited by 1 — Judgments against fictitious persons or corporations are not liens upon the property of the true owner. Leckie v. Seal, 161 Va. 215, 226, 170 S.E. 844, 848 ( ...

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