Guam Sample Letter for Authority to Enter Satisfaction of Judgment

State:
Multi-State
Control #:
US-0023LTR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

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FAQ

Definition. A life satisfaction judgment is the assessment a person makes of how well his or her life is going overall. Life satisfaction judgments figure centrally in well-being theories of philosophers and psychologists.

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.

If a judgment has been issued against you, the creditor can satisfy its judgment by freezing your bank account and taking a portion of your wages. Procedures differ from state to state.

Satisfaction of a judgment means that the judgment is no longer a lien on the debtor's real property. The courts cannot control the actions of third parties, but usually, the fact of satisfaction is recorded by the major credit reporting agencies and included in the debtor's credit history.

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.

Pay directly to the creditor Mail or deliver a check or money order to the Judgment Creditor. Make sure to keep proof of payment, such as your canceled check. Once the Judgment Creditor receives your payment, ask them to file the form Acknowledgment of Satisfaction of Judgment with the court within 14 days.

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Guam Sample Letter for Authority to Enter Satisfaction of Judgment