
Satisfaction of Judgment Massachusetts Form


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People also ask
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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?
When you are fully paid, you must fill out and file an Acknowledgment of Satisfaction of Judgment form. This is like a receipt for payment. The person who owed you money can use it to remove everything from their record that shows they owe you money.
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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 happens if a defendant does not pay a judgment in Massachusetts?
Pay the full judgment within the time ordered If you don't pay the amount required even though you're able to, you may be held in contempt of court and imprisoned or given additional costs. Pay the full amount directly to the other party (the "judgment creditor") unless the magistrate has ordered otherwise.
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How long is a judgment good for in Massachusetts?
A judgment is presumed to be paid and satisfied at the expiration of twenty years after it was rendered. Mass. Gen. Laws 260 § 20.
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What is the rule 9 in Massachusetts trial court?
This rule, in effect, permits the court to analogize to the procedures for equitable relief required in regular civil actions. Thus the rules referred to can serve as a guide to the court in fashioning the equitable relief it may order in a summary process action. Rule 9 reflects the expanded scope of summary process.
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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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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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