Carrollton Texas Abstract of Judgment

• Category: Texas Court Samples - Civil Procedure - Judgments
• State: Texas
• City: Carrollton
• Control #: TX-JW-0010
• Format: PDF

Description

Abstract of Judgment Carrollton Texas Abstract of Judgment is a legal document that serves as a conclusive evidence of a court's ruling in a lawsuit. It is an official record that signifies the amount owed by a debtor to a creditor, resulting from the court's judgment. The Abstract of Judgment is typically recorded in the county where the debtor resides or owns property. In Carrollton, Texas, there are two types of Abstracts of Judgment that individuals and businesses should be aware of: 1. Default Judgment Abstract: This type of Abstract of Judgment is obtained when a defendant fails to respond or appear in court after being served with a summons or complaint. If the plaintiff provides sufficient evidence to support their claim, the court may issue a default judgment in favor of the plaintiff. The Abstract of Judgment will then be recorded to establish a lien on the debtor's property, ensuring that the amount owed will be repaid. 2. Money Judgment Abstract: This type of Abstract of Judgment is obtained when the court rules in favor of the plaintiff following a contested trial or settlement. Once the judgment is entered, the creditor can request the issuance of a Money Judgment Abstract, which lists the specific amount owed, including any awarded damages, interest, and attorney fees. This abstract is then recorded as a lien against the debtor's property, giving the creditor a legal claim to the outstanding debt. It is important to note that a Carrollton Texas Abstract of Judgment is a publicly accessible document, allowing potential creditors, such as lenders or businesses, to evaluate an individual's or entity's financial situation before engaging in a transaction. Moreover, the Abstract of Judgment provides a legal tool for the creditor to enforce collection actions, such as wage garnishment, bank account levies, or property liens. In summary, Carrollton Texas Abstract of Judgment is a crucial legal record that signifies the court's ruling in a lawsuit and establishes a lien on a debtor's property. Whether it is a Default Judgment Abstract or a Money Judgment Abstract, these documents serve to protect the rights and interests of creditors, ensuring that owed debts are repaid.

Carrollton Texas Abstract of Judgment is a legal document that serves as a conclusive evidence of a court's ruling in a lawsuit. It is an official record that signifies the amount owed by a debtor to a creditor, resulting from the court's judgment. The Abstract of Judgment is typically recorded in the county where the debtor resides or owns property. In Carrollton, Texas, there are two types of Abstracts of Judgment that individuals and businesses should be aware of: 1. Default Judgment Abstract: This type of Abstract of Judgment is obtained when a defendant fails to respond or appear in court after being served with a summons or complaint. If the plaintiff provides sufficient evidence to support their claim, the court may issue a default judgment in favor of the plaintiff. The Abstract of Judgment will then be recorded to establish a lien on the debtor's property, ensuring that the amount owed will be repaid. 2. Money Judgment Abstract: This type of Abstract of Judgment is obtained when the court rules in favor of the plaintiff following a contested trial or settlement. Once the judgment is entered, the creditor can request the issuance of a Money Judgment Abstract, which lists the specific amount owed, including any awarded damages, interest, and attorney fees. This abstract is then recorded as a lien against the debtor's property, giving the creditor a legal claim to the outstanding debt. It is important to note that a Carrollton Texas Abstract of Judgment is a publicly accessible document, allowing potential creditors, such as lenders or businesses, to evaluate an individual's or entity's financial situation before engaging in a transaction. Moreover, the Abstract of Judgment provides a legal tool for the creditor to enforce collection actions, such as wage garnishment, bank account levies, or property liens. In summary, Carrollton Texas Abstract of Judgment is a crucial legal record that signifies the court's ruling in a lawsuit and establishes a lien on a debtor's property. Whether it is a Default Judgment Abstract or a Money Judgment Abstract, these documents serve to protect the rights and interests of creditors, ensuring that owed debts are repaid.