Portland Oregon Money Judgment Statement is a legal document that outlines the details and terms of a financial judgment in the state of Oregon. It includes important information about the judgment like the parties involved, the amount owed, and the specific terms of repayment. This statement serves as an official record of the court's decision regarding a monetary claim. In Portland, Oregon, there are two main types of Money Judgment Statements: Small Claims Money Judgment Statement and Circuit Court Money Judgment Statement. The Small Claims Money Judgment Statement is used for cases where the total amount claimed is no more than $10,000. It follows a simplified process designed to help individuals and businesses resolve minor disputes quickly and cost-effectively. The statement includes relevant details such as the plaintiff's and defendant's names, addresses, the claim amount, and a breakdown of any additional costs awarded by the court. On the other hand, the Circuit Court Money Judgment Statement is utilized when the sum sought exceeds $10,000. This type of statement applies to more complex legal matters and follows a formal procedure in the circuit court system. It provides comprehensive information about the plaintiff, defendant, the disputed amount, accrued interest, and any attorney fees or court costs. Additionally, it may outline a schedule for repayments or specify any property liens or wage garnishments involved. Both types of Money Judgment Statements are essential legal documents because they serve as evidence of a court's decision and allow the winning party to pursue collection efforts against the judgment debtor. These statements are often used to enforce the collection of the awarded amount and may be necessary to garnish wages or seize assets in cases of non-payment. In conclusion, the Portland Oregon Money Judgment Statement is a crucial document that outlines the details of a financial judgment. Understanding the different types, such as the Small Claims Money Judgment Statement and Circuit Court Money Judgment Statement, is important for individuals and businesses involved in legal disputes to ensure proper legal proceedings and enforcement of the judgment.