Oregon 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. Oregon Satisfaction of Judgment for Civil Trial is a legal document that serves as proof of payment or resolution of a civil judgment in the state of Oregon. It is filed by the party who owes the judgment amount to formally acknowledge and document the satisfaction of the debt. This document is crucial for ensuring that the judgment is officially settled and the parties involved can move forward. The Oregon Satisfaction of Judgment for Civil Trial includes specific keywords that help identify and classify different types of satisfactions. These variations can be categorized as follows: 1. Full Satisfaction of Judgment: This type of satisfaction is filed when the entire judgment amount, including principal, interest, and any other charges, has been paid in full to the judgment creditor. By filing a full satisfaction, the debtor ensures that their debt is fully discharged, and there are no further obligations. 2. Partial Satisfaction of Judgment: When a debtor is unable to pay the entire judgment amount in one payment, they may choose to file a partial satisfaction. This document acknowledges the partial payment made towards the outstanding judgment and specifies the remaining balance. 3. Consent Satisfaction of Judgment: This type of satisfaction occurs when both the judgment creditor and the judgment debtor reach a mutually agreed-upon settlement or compromise. It signifies that both parties are satisfied with the agreed-upon terms of resolving the judgment, which may include a reduction in the judgment amount or revised payment plan. 4. Release Satisfaction of Judgment: In some cases, a judgment creditor may release a judgment without payment based on specific circumstances. This could occur if the judgment is deemed uncollectible due to the debtor's insolvency, or if there is an error in the original judgment. The release satisfaction acknowledges the judgment's dismissal or release without any monetary consideration. 5. Sold or Assigned Satisfaction of Judgment: Occasionally, judgment creditors may choose to sell or assign their judgment rights to a third party, often known as a judgment assignee. In such cases, the assignee is entitled to enforce the judgment and collect the debt. A sold or assigned satisfaction of judgment is filed by the assignee to record the transfer of the judgment rights from the original judgment creditor. The Oregon Satisfaction of Judgment for Civil Trial is an essential legal document that ensures proper closure of civil judgments in the state. Whether it represents a full settlement, partial payment, consented agreement, release, or assignment, filing the relevant satisfaction of judgment is crucial for both the judgment creditor and the debtor in establishing the resolution of the civil trial.

Oregon Satisfaction of Judgment for Civil Trial is a legal document that serves as proof of payment or resolution of a civil judgment in the state of Oregon. It is filed by the party who owes the judgment amount to formally acknowledge and document the satisfaction of the debt. This document is crucial for ensuring that the judgment is officially settled and the parties involved can move forward. The Oregon Satisfaction of Judgment for Civil Trial includes specific keywords that help identify and classify different types of satisfactions. These variations can be categorized as follows: 1. Full Satisfaction of Judgment: This type of satisfaction is filed when the entire judgment amount, including principal, interest, and any other charges, has been paid in full to the judgment creditor. By filing a full satisfaction, the debtor ensures that their debt is fully discharged, and there are no further obligations. 2. Partial Satisfaction of Judgment: When a debtor is unable to pay the entire judgment amount in one payment, they may choose to file a partial satisfaction. This document acknowledges the partial payment made towards the outstanding judgment and specifies the remaining balance. 3. Consent Satisfaction of Judgment: This type of satisfaction occurs when both the judgment creditor and the judgment debtor reach a mutually agreed-upon settlement or compromise. It signifies that both parties are satisfied with the agreed-upon terms of resolving the judgment, which may include a reduction in the judgment amount or revised payment plan. 4. Release Satisfaction of Judgment: In some cases, a judgment creditor may release a judgment without payment based on specific circumstances. This could occur if the judgment is deemed uncollectible due to the debtor's insolvency, or if there is an error in the original judgment. The release satisfaction acknowledges the judgment's dismissal or release without any monetary consideration. 5. Sold or Assigned Satisfaction of Judgment: Occasionally, judgment creditors may choose to sell or assign their judgment rights to a third party, often known as a judgment assignee. In such cases, the assignee is entitled to enforce the judgment and collect the debt. A sold or assigned satisfaction of judgment is filed by the assignee to record the transfer of the judgment rights from the original judgment creditor. The Oregon Satisfaction of Judgment for Civil Trial is an essential legal document that ensures proper closure of civil judgments in the state. Whether it represents a full settlement, partial payment, consented agreement, release, or assignment, filing the relevant satisfaction of judgment is crucial for both the judgment creditor and the debtor in establishing the resolution of the civil trial.