Examples of Liens Are a a Judgment of a Court for the Payment of Money Owed, B a Form
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People also ask
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What is an example of good Judgement?
Good judgment is based on your own values, beliefs and principles: Don't cheat, lie, steal, manipulate, extort, or violate the boundaries of others. Build good judgments around your own values and positive character traits such as honesty, integrity, responsibility, and love for others.
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What is an example of a Judgement lien?
What Is an Example of a Judgment Lien? A creditor gets a judgment lien by winning a lawsuit against you, like if you don't pay a credit card debt. While creditors have numerous options to collect on a debt, creditors often use judgment liens as the primary way to ensure you pay the debt off.
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What is a money judgment?
A judgment is a final court order at the end of a lawsuit. If it says one side owes money, it means they have a money judgment against them.
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Which of the following is an example of a lien?
An example of a general lien is a state income tax lien. Unlike specific liens that attach only to particular assets, a general lien is against all of the assets of a debtor and not tied to a specific asset. For instance, A mortgage lien is tied specifically to a piece of property.
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What are examples of judgments?
For example, a customer may seek a civil judgment against a company for a bsignNowed contract, or two neighbors may seek legal remedies in a property dispute. These types of judgments typically result in monetary compensation to the injured party, but they may also involve additional fines or penalties.
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Which of the following are examples of specific liens?
Examples of specific liens include: -Property tax lien when taxes are not paid. -Mortgage lien when a mortgage is used in financing. -Mechanic's lien when work done is not paid for.
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Will a judgement be removed once paid?
You paid the debt: Credit agencies will remove the judgment from your credit report if you can show that you did pay your debt on time. If you paid your debt after the judgment was established on your credit report, the agency won't remove the judgment. But it will mark your debt as paid, which is helpful.
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What is an example of a money Judgement?
If you defaulted on a $1,000 loan at 9% annual interest and the creditor obtains a judgment a year later, the court will award the creditor $90 in "prejudgment" interest ($1,000 x . 09 = $90). Interest can be added from the time the judgment is entered into the court clerk's record until you pay the judgment in full.
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