Keywords: Indiana, Release of Judgment Lien, Full Release, types Description: The Indiana Release of Judgment Lien — Full Release is a legal document that serves to release a judgment lien that has been placed on a debtor's property. This release ensures that the debtor's property is no longer encumbered by the judgment lien, granting them the freedom to sell, transfer, or use their property without any restrictions. There are different types of Indiana Release of Judgment Lien — Full Release that can be used depending on the specific circumstances. Here are the common types: 1. Voluntary Full Release: This type of release of judgment lien is executed when the debtor has satisfied the full amount of the judgment, including any interest or fees. It is often used when the debtor has successfully paid off their debt in full and wishes to remove the lien from their property. 2. Settlement Full Release: This type of release is used when the debtor and the judgment creditor agree to a settlement amount that is less than the full judgment. Once this agreed-upon amount is paid, the settlement full release is executed, effectively releasing the judgment lien from the property. 3. Bankruptcy Full Release: In cases where the debtor files for bankruptcy, a bankruptcy full release is utilized. This type of release is granted when the bankruptcy court has discharged the debtor from the debts included in the judgment lien, thereby extinguishing the lien from the property once the bankruptcy process is completed. Regardless of the specific type, the Indiana Release of Judgment Lien — Full Release must be recorded in the county where the original judgment was entered. This ensures that all interested parties, such as potential buyers or lenders, are aware of the lien's release and that the property is free from any encumbrances. In conclusion, the Indiana Release of Judgment Lien — Full Release is an important legal document that allows debtors to remove the burden of a judgment lien from their property, granting them full ownership and the ability to handle their property without any restrictions.
Indiana Release of Judgment Lien - Full Release
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