Louisiana Partial Release of Judgment Lien refers to the legal process of modifying or removing a portion of a judgment lien placed on a debtor's property. This allows the debtor to regain ownership of a specific portion of their property that was previously encumbered by the judgment lien. In Louisiana, there are two types of Partial Release of Judgment Lien: 1. Voluntary Partial Release: This occurs when the judgment creditor agrees to release a specific portion of the judgment lien. It is typically done when the debtor has paid off a portion of the debt or reached a settlement agreement. 2. Judicial Partial Release: This type of release is obtained through a court order. The debtor must file a motion with the court, providing evidence to support the request for the partial release. The court will then review the motion and may grant the release if it finds sufficient grounds. The Louisiana Partial Release of Judgment Lien process involves several steps. First, the debtor must prepare a written request or motion, clearly stating the reasons for the request and providing evidence such as proof of payments made or a settlement agreement. The debtor must then file this motion with the court that issued the judgment. Next, a hearing may be scheduled where the debtor and judgment creditor can present their arguments. The court will evaluate the evidence and determine whether to grant the partial release. If approved, the court will issue an order specifying the portion of the judgment lien to be released and any conditions attached to the release. Once the court order is issued, the debtor should record the partial release in the parish where the judgment lien was originally filed. This ensures that it is officially recognized and reflects accurately on the property records. Keywords: Louisiana, Partial Release of Judgment Lien, judgment creditor, debtor, property, encumbered, voluntary, judicial, court order, motion, settlement agreement, evidence, hearing, conditions, record
Louisiana Partial Release of Judgment Lien
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