Alabama Satisfaction Judgment Form
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People also ask
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Can a satisfied Judgement be removed?
If the judgment is legitimate, satisfying it is the most direct way to improve your credit report. Pay the judgment amount in full or negotiate a settlement with the creditor, ensuring that the agreement includes the removal of the judgment from your credit report.
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How long do you have to pay a small claims Judgement in Alabama?
If the defendant does not pay the judgment (after the appeal time has run 14 days), it is up to you and not the court to take one of the following actions to collect your judgment: Forms for the following are available in the clerk's office.
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What happens if a defendant does not pay a judgment in Alabama?
If you do not pay the ,Judgment as qrdered by the court,'the plaintiff may obtain an Execution (a court order authorizing the sheriff to pick up any property belonging to you and sell it to satisfy the judgment); or he may obtain a court order to garnish (withhold) a percentage of your wages or bank account to satisfy ...
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How long does a judgement stay on your record in Alabama?
In Alabama, money judgements last up to 20 years (Ala. Code § 6-9-190). But judgments are generally only enforceable for 10 years (Ala. Code § 6-9-191), and then they're renewed for another 10 years if the judgment debtor still hasn't paid the debt.
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What does satisfaction mean in court?
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.
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What does it mean to satisfy a judgement?
"Satisfaction of a judgment," which is governed by URCP 58B, means that the debtor has paid the entire amount of the judgment and all accumulated fees, costs and interest, or that the creditor has decided not to pursue further collection efforts.
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What is acknowledgment of satisfaction of judgment?
Tells the court and others that a judgment has been paid in full or in part. Can be recorded with a county to release a lien against the judgment debtor's land or filed with the Secretary of State to release a lien against the debtor's personal property.
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What does satisfaction of judgment mean?
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.
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