New Mexico Satisfaction of Judgment for Civil Trial

• Category: Civil Actions - Personal Injury - Satisfaction of Judgment
• State: Multi-State
• Control #: US-PI-0065
• Format: Word; Rich Text

Description

This form is a sample acknowledgment by the defendant that the plaintiff has satisfied a ruling in favor of the defendant. New Mexico Satisfaction of Judgment for Civil Trial is a legal document that signifies the completion, fulfillment, or "satisfaction" of a judgment made in a civil trial within the state of New Mexico. Once a judgment is rendered in a civil trial, the party awarded the judgment becomes the judgment creditor, while the party against whom the judgment is rendered becomes the judgment debtor. The Satisfaction of Judgment is an essential document as it proves that the judgment creditor has been fully compensated and acknowledges that no further action is required to enforce the judgment. It releases the judgment debtor from any further liability related to the specific judgment. There are several types of New Mexico Satisfaction of Judgment for Civil Trial, including: 1. Full Satisfaction of Judgment: This type of satisfaction is issued when the judgment debtor has paid the entire amount owed to the judgment creditor, including damages, interest, and any court costs or attorney fees associated with the case. Once the judgment creditor receives the full payment, they must file the Full Satisfaction of Judgment with the court to officially close the case. 2. Partial Satisfaction of Judgment: In cases where the judgment debtor cannot pay the entire amount owed, a Partial Satisfaction of Judgment is filed. This document indicates that a portion of the judgment has been paid, and the remaining balance may still be pursued by the judgment creditor. 3. Compromise Satisfaction of Judgment: Sometimes, the judgment creditor and judgment debtor reach an agreement or settlement outside of court to resolve the judgment. In such cases, a Compromise Satisfaction of Judgment is executed, indicating that both parties have agreed on a compromised amount or terms to satisfy the judgment. 4. Release Satisfaction of Judgment: If the judgment creditor's claim is satisfied through means other than monetary compensation, such as property transfer, services rendered, or any other non-monetary agreement, a Release Satisfaction of Judgment is filed to formally acknowledge the satisfaction of the judgment. It's important to note that the Satisfaction of Judgment must comply with the specific requirements of the New Mexico court system. It typically includes information such as the names and addresses of both the judgment creditor and judgment debtor, the case number, the judgment amount, and any relevant court order details. In conclusion, the New Mexico Satisfaction of Judgment for Civil Trial is a critical legal document used to confirm the fulfillment or settlement of a judgment, ensuring that the judgment debtor has met their obligations as determined by the court. The various types of satisfaction, including Full, Partial, Compromise, and Release, offer flexibility in resolving civil judgments in New Mexico.

New Mexico Satisfaction of Judgment for Civil Trial is a legal document that signifies the completion, fulfillment, or "satisfaction" of a judgment made in a civil trial within the state of New Mexico. Once a judgment is rendered in a civil trial, the party awarded the judgment becomes the judgment creditor, while the party against whom the judgment is rendered becomes the judgment debtor. The Satisfaction of Judgment is an essential document as it proves that the judgment creditor has been fully compensated and acknowledges that no further action is required to enforce the judgment. It releases the judgment debtor from any further liability related to the specific judgment. There are several types of New Mexico Satisfaction of Judgment for Civil Trial, including: 1. Full Satisfaction of Judgment: This type of satisfaction is issued when the judgment debtor has paid the entire amount owed to the judgment creditor, including damages, interest, and any court costs or attorney fees associated with the case. Once the judgment creditor receives the full payment, they must file the Full Satisfaction of Judgment with the court to officially close the case. 2. Partial Satisfaction of Judgment: In cases where the judgment debtor cannot pay the entire amount owed, a Partial Satisfaction of Judgment is filed. This document indicates that a portion of the judgment has been paid, and the remaining balance may still be pursued by the judgment creditor. 3. Compromise Satisfaction of Judgment: Sometimes, the judgment creditor and judgment debtor reach an agreement or settlement outside of court to resolve the judgment. In such cases, a Compromise Satisfaction of Judgment is executed, indicating that both parties have agreed on a compromised amount or terms to satisfy the judgment. 4. Release Satisfaction of Judgment: If the judgment creditor's claim is satisfied through means other than monetary compensation, such as property transfer, services rendered, or any other non-monetary agreement, a Release Satisfaction of Judgment is filed to formally acknowledge the satisfaction of the judgment. It's important to note that the Satisfaction of Judgment must comply with the specific requirements of the New Mexico court system. It typically includes information such as the names and addresses of both the judgment creditor and judgment debtor, the case number, the judgment amount, and any relevant court order details. In conclusion, the New Mexico Satisfaction of Judgment for Civil Trial is a critical legal document used to confirm the fulfillment or settlement of a judgment, ensuring that the judgment debtor has met their obligations as determined by the court. The various types of satisfaction, including Full, Partial, Compromise, and Release, offer flexibility in resolving civil judgments in New Mexico.