If an owner of an interest in real property has had a judgment obtained against the owner, this form addresses a release of that judgment lien.
A Kentucky Release of Judgment Lien is a legal document that serves to release a judgment lien on a property in the state of Kentucky. When a judgment is obtained by a creditor against a debtor, a lien may be placed on the debtor's property to secure the payment of the debt. However, once the debt has been fully satisfied or settled, the creditor must file a Release of Judgment Lien to remove the lien from the property. In Kentucky, there are two main types of Release of Judgment Lien: 1. Voluntary Release: A voluntary release occurs when the creditor willingly releases the judgment lien after receiving full payment or reaching a settlement agreement with the debtor. This release is typically used when the debtor has fulfilled their legal obligation and has satisfied the judgment. 2. Court Order Release: A court order release is issued by the court upon request by either party involved in the judgment. This release is typically utilized when there is a dispute or ambiguity regarding the satisfaction of the judgment. To obtain a court order release, the party requesting it must present evidence showing full payment or settlement. Keywords: Kentucky Release of Judgment Lien, judgment lien, legal document, creditor, debtor, property, payment, settlement, voluntary release, court order release, satisfaction, remove lien, court, dispute, ambiguity.A Kentucky Release of Judgment Lien is a legal document that serves to release a judgment lien on a property in the state of Kentucky. When a judgment is obtained by a creditor against a debtor, a lien may be placed on the debtor's property to secure the payment of the debt. However, once the debt has been fully satisfied or settled, the creditor must file a Release of Judgment Lien to remove the lien from the property. In Kentucky, there are two main types of Release of Judgment Lien: 1. Voluntary Release: A voluntary release occurs when the creditor willingly releases the judgment lien after receiving full payment or reaching a settlement agreement with the debtor. This release is typically used when the debtor has fulfilled their legal obligation and has satisfied the judgment. 2. Court Order Release: A court order release is issued by the court upon request by either party involved in the judgment. This release is typically utilized when there is a dispute or ambiguity regarding the satisfaction of the judgment. To obtain a court order release, the party requesting it must present evidence showing full payment or settlement. Keywords: Kentucky Release of Judgment Lien, judgment lien, legal document, creditor, debtor, property, payment, settlement, voluntary release, court order release, satisfaction, remove lien, court, dispute, ambiguity.
