This is a satisfaction of judgment which indicates that a judgment has been paid in full, including all fees, costs and interest. It acknowledges full and complete satisfaction of the judgment and directs that the judgment be marked as paid in full.
Atlanta Georgia Satisfaction of Judgment
State:
Georgia
City:
Atlanta
Control #:
GA-0909-AA
Format:
Word;
Rich Text
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FAQ
Regardless of how the judgment is obtained, there are three main options to consider in attempting to collect on the judgment. Filing a Garnishment. First, a party may pursue a garnishment.Recording a Writ of Fieri Facias.Conducting Post-Judgment Discovery.
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.
Georgia state laws give a creditor some serious leverage against you. In Georgia, a creditor can garnish your wages, seize money from your checking account, put a lien on your house, and take your car away from you if it is paid off.
If the defendant is unwilling to pay, the plaintiff may: Place a lien on the defendant's property, giving the plaintiff the right to sell the defendant's property to collect the money award. The clerk of the court, when asked by the plaintiff, can place a lien on the defendant's property.
The Official Code of Georgia Annotated 9-12-60 addresses the general terms and conditions of judgments in the State of Georgia. This statute was designed to clearly define the force an effect of a judgment taken within Georgia. In Georgia, a judgment is valid and enforceable for seven years from the date it is granted.
Satisfaction and release is the formal paperwork stating that a consumer has paid the full amount owed under a court judgment. A satisfaction and release proves that they have paid their debt and prevents creditors from trying to recover more money from them.
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.
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.
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.
Once the court enters a judgment against you, that judgment attaches to all your tangible personal property such as your household furniture, hobby equipment, collectibles, vehicles, etc. A creditor can't just show up to your house and start taking your stuff.