Illinois Satisfaction of Judgment is a document used to satisfy a judgment debt in the state of Illinois. It is a form that is filed with the court by the party that has been awarded a judgment. The form is used to notify the court and the opposing party that the judgment debt has been fully paid. There are three types of Illinois Satisfaction of Judgment: 1. Partial Satisfaction of Judgment: This is used when the judgment debt has been partially paid. 2. Full Satisfaction of Judgment: This is used when the judgment debt has been fully paid. 3. Complete Satisfaction of Judgment: This is used when the judgment debt has been completely satisfied.
Illinois Satisfaction of Judgment
Instant download
This website is not affiliated with any governmental entity
Public form
Description
Satisfaction Of Judgment
How to fill out Illinois Satisfaction Of Judgment?
How much time and resources do you usually spend on drafting official documentation? There’s a greater option to get such forms than hiring legal experts or spending hours searching the web for a proper blank. US Legal Forms is the premier online library that offers professionally designed and verified state-specific legal documents for any purpose, including the Illinois Satisfaction of Judgment.
To get and prepare an appropriate Illinois Satisfaction of Judgment blank, follow these simple steps:
- Look through the form content to make sure it meets your state laws. To do so, read the form description or use the Preview option.
- In case your legal template doesn’t satisfy your needs, find a different one using the search tab at the top of the page.
- If you already have an account with us, log in and download the Illinois Satisfaction of Judgment. If not, proceed to the next steps.
- Click Buy now once you find the correct blank. Select the subscription plan that suits you best to access our library’s full opportunities.
- Create an account and pay for your subscription. You can make a transaction with your credit card or via PayPal - our service is totally safe for that.
- Download your Illinois Satisfaction of Judgment on your device and fill it out on a printed-out hard copy or electronically.
Another advantage of our service is that you can access previously downloaded documents that you safely store in your profile in the My Forms tab. Get them anytime and re-complete your paperwork as often as you need.
Save time and effort completing official paperwork with US Legal Forms, one of the most trusted web services. Join us now!
Form popularity
FAQ
A Release and Satisfaction is a document stating that the judgment has been fully paid. This is also known as a Satisfaction of Judgment. The plaintiff must sign the document and you must then file with the circuit court clerk. Note: There are separate and more detailed rules for judgments involving child support.
Illinois law provides ?a judgment may be revived by filing a petition to revive the judgment in the 7th year after its entry, or in the 7th year after its last revival, or in the 20th year after its entry, or at any other time within 20 years after its entry if the judgment becomes dormant and by serving the petition
A default judgment (also known as judgment by default) is a ruling granted by a judge or court in favor of a plaintiff in the event that the defendant in a legal case fails to respond to a court summons or does not appear in court.
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 the debtor still doesn't pay, then the creditor can come back to court to collect the money. There are several ways for the creditor to collect the money from the debtor. A few ways include taking money from the debtor's bank account or garnishing the debtor's wages.
A default judgment occurs in Illinois civil cases when the defendant has been properly served with a complaint and summons and has failed to file an answer to the complaint by the first court date or to appear in court for the first court date.
Judgments, unless they fall into an exception below, live in 7 year installments. But with the right timing, a judgment can be enforced for 27 years. After a judgment is entered, the person who is owed the money, called the "creditor," can enforce the judgment for 7 years.
More info
NOTICE TO JUDGMENT DEBTOR: If this is an acknowledgment of full satisfaction of judgment, it will have to be recorded in each. Acknowledgment of Satisfaction of Judgment (EJ-100).Tells the court and others that a judgment has been paid in full or in part. Satisfaction of a judgment means that the judgment is no longer a lien on the debtor's real property. The winning party must serve a copy of the completed Satisfaction of Judgment (Form 9) on each losing party in the Small Claims Court case. To Judgment Debtor(s):. I (We) knowingly and voluntarily state that the judgment in this matter has been paid off or satisfied in full,. Respondent(s):. (Date File Stamp). Satisfaction of Judgment. And the Clerk of Court shall record the same.