North Carolina Satisfaction of Judgment for Civil Trial is a legal document that signifies the resolution of a civil case and the fulfillment of a judgment rendered by a court in the state of North Carolina. It is a vital component of the legal process, as it officially acknowledges that the opposing party has met their obligations and has satisfied the judgment entered against them. The Satisfaction of Judgment for Civil Trial in North Carolina serves multiple purposes. Firstly, it provides proof that the judgment debtor has met the terms outlined in the judgment, including payment of monetary damages awarded to the judgment creditor. This document is often used to clear title to property, release liens, or remove any encumbrances that were put in place as a result of the judgment. In North Carolina, there are various types of Satisfaction of Judgment for Civil Trial, depending on the nature of the judgment. Some common types include: 1. Monetary Judgment Satisfaction: This type of Satisfaction of Judgment is filed when the judgment debtor has fulfilled their monetary obligations by paying the awarded amount, including any interest or fees associated with the judgment. 2. Property Lien Satisfaction: If a judgment resulted in the placement of a property lien, this Satisfaction of Judgment is filed to remove the lien from the debtor's property once the judgment has been satisfied. 3. Judgment Satisfaction by Agreement: In certain cases, the parties involved may reach an agreement outside of court to satisfy the judgment. This type of Satisfaction of Judgment documents the voluntary resolution reached by both parties. It's important to note that while the Satisfaction of Judgment signifies the fulfillment of the judgment, it does not erase the judgment from public records. The record of the judgment will still be accessible to the public but will be marked as satisfied. Overall, the North Carolina Satisfaction of Judgment for Civil Trial is a crucial legal document used to officially acknowledge the resolution and fulfillment of a civil judgment. It serves to protect the rights of both parties involved and ensures that the judgment debtor has complied with their obligations as ordered by the court.
North Carolina Satisfaction of Judgment for Civil Trial
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