Carrollton Texas Abstract of Judgment is a legal document that serves as a formal notification of a court's decision regarding a financial judgment in Carrollton, Texas. This judgment is issued by a court of law after a lawsuit decision has been made in favor of a creditor, ordering the debtor to pay a specified sum of money. The purpose of a Carrollton Texas Abstract of Judgment is to create a public record of the judgment against the debtor, effectively "abstracting" the details of the court decision and making it accessible to the public. It acts as a legal lien on the debtor's property, meaning that if the debtor owns any real estate in the county where the abstract is filed, the abstract will attach to the property and provide notice to potential buyers or lenders. It is important to note that there can be different types of Carrollton Texas Abstracts of Judgment based on the nature of the case. Some common types include: 1. Civil Abstract of Judgment: This type of abstract is usually issued in civil cases where a monetary judgment has been awarded to the prevailing party, typically a creditor who has successfully sued the debtor for non-payment of debt. 2. Small Claims Abstract of Judgment: This type of abstract is specific to small claims court judgments. Small claims courts handle cases involving smaller amounts of money, and if a judgment is rendered in favor of the creditor, an abstract is created to reflect the decision. 3. Family Law Abstract of Judgment: In family law cases, such as divorce or child support disputes, where a financial judgment is made against a party, a Family Law Abstract of Judgment may be issued to document the court's decision. 4. Probate Abstract of Judgment: This type of abstract is relevant in probate cases when a financial judgment is made against an estate or an individual inheriting assets. 5. Workers' Compensation Abstract of Judgment: In cases involving workers' compensation disputes, if a judgment is made in favor of the claimant, an abstract may be filed to document the court's decision and serve as notice to potential employers or insurance companies. Overall, a Carrollton Texas Abstract of Judgment is a crucial legal document that provides public notice of a financial judgment and serves as an instrument for creditors to potentially recover their debts through property liens. It is essential for debtors, as well as creditors, to understand the implications and potential consequences associated with an abstract of judgment in Carrollton, Texas.