Satisfaction of Judgment Georgia Form
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People also ask
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What is satisfaction of Judgement in Georgia?
The law requires a judgment creditor to file a "Satisfaction of Judgment" with the clerk of court upon receiving payment in full on an outstanding civil judgment. The judgment creditor is the one who is awarded money to be paid by the losing party. This may be the plaintiff or the defendant on a counterclaim.
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What is satisfaction of judgment in Georgia?
All creditors/ Individuals who receive a judgment MUST notify this court upon payment of the entire debt (within 60 days), per O.C.G.A. 9-13-80.
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What does it mean when a Judgement is satisfied?
"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 happens if a defendant does not pay a judgment in Georgia?
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.
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What is a partial satisfaction of judgment?
If the court determines that the judgment has been partially satisfied and that the judgment creditor has not complied with the demand, the court shall make an order determining the amount of the partial satisfaction and may make an order requiring the judgment creditor to comply with the demand.
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What is the purpose of the 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 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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How long does it take to satisfy a Judgement?
What if The Creditor Won't File a Satisfaction of Judgment (Civil)? Small Claims: You must wait 30 days after the Judgment is entered or mailed to collect your small claims judgment1. This gives the defendant the opportunity to appeal. There is no longer a wait time after an appeal.
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