This is a form of a Partial Release of Judgment Lien.
A South Carolina Partial Release of Judgment Lien is a legal document that allows a creditor to release a portion of their claim on a debtor's property or assets. This partial release is typically granted when the debtor has made a partial payment towards a judgment lien, reducing the amount owed. In South Carolina, there are two types of Partial Release of Judgment Lien: Voluntary and Involuntary. 1. Voluntary Partial Release: This type of release is initiated by the creditor voluntarily and signifies their willingness to accept a partial payment towards the outstanding judgment lien. The creditor may agree to release a specific portion of the lien, allowing the debtor to regain ownership or control over the released property or assets. 2. Involuntary Partial Release: In contrast to the voluntary release, this type of release is typically enforced through legal actions initiated by the debtor. If the debtor can demonstrate that they have made a partial payment towards the judgment lien, they can seek an involuntary partial release from the court. The court will review the evidence provided and determine whether the partial release is justified based on the debtor's payment history and other relevant factors. Keywords: South Carolina, Partial Release of Judgment Lien, creditor, debtor, property, assets, payment, voluntary release, involuntary release, court.A South Carolina Partial Release of Judgment Lien is a legal document that allows a creditor to release a portion of their claim on a debtor's property or assets. This partial release is typically granted when the debtor has made a partial payment towards a judgment lien, reducing the amount owed. In South Carolina, there are two types of Partial Release of Judgment Lien: Voluntary and Involuntary. 1. Voluntary Partial Release: This type of release is initiated by the creditor voluntarily and signifies their willingness to accept a partial payment towards the outstanding judgment lien. The creditor may agree to release a specific portion of the lien, allowing the debtor to regain ownership or control over the released property or assets. 2. Involuntary Partial Release: In contrast to the voluntary release, this type of release is typically enforced through legal actions initiated by the debtor. If the debtor can demonstrate that they have made a partial payment towards the judgment lien, they can seek an involuntary partial release from the court. The court will review the evidence provided and determine whether the partial release is justified based on the debtor's payment history and other relevant factors. Keywords: South Carolina, Partial Release of Judgment Lien, creditor, debtor, property, assets, payment, voluntary release, involuntary release, court.
