Collin Texas Abstract of Judgment

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

Description

Abstract of Judgment Collin Texas Abstract of Judgment is a legal document that serves as a means to enforce a court-ordered judgment against a debtor in Collin County, Texas. When a judgment is issued by a court, it typically represents a final decision in a civil lawsuit, determining the liability of the defendant to the plaintiff. An Abstract of Judgment, specific to the state of Texas, is an essential tool used to secure the debt owed by the judgment debtor. The Collin Texas Abstract of Judgment contains crucial information such as the names of the judgment creditor (the party owed the debt) and the judgment debtor (the party liable for the debt). It also lists the amount owed, including the original judgment amount, any interest accumulated, and court-awarded fees or costs. Additionally, it includes the case number and the court where the judgment was rendered. The purpose of the Collin Texas Abstract of Judgment is to create a lien on the debtor's real property located in Collin County. This means that the judgment creditor gains a legal claim on the debtor's property, preventing them from selling or transferring ownership without satisfying the debt. The Abstract of Judgment is typically filed with the county clerk's office, ensuring its public record and visibility to potential property buyers or lenders. Furthermore, it is important to note that there are different types of Abstracts of Judgment in Collin, Texas. One type is the Traditional Abstract of Judgment, which is primarily used to create a lien on the debtor's real property. The second type is an Abstract of Judgment for Wage Garnishment. This type allows the creditor to request the debtor's employer deduct a portion of their wages to satisfy the debt. In summary, the Collin Texas Abstract of Judgment is a powerful legal tool used by judgment creditors to secure their debt obligations from judgment debtors in Collin County, Texas. It creates a lien on the debtor's real property and enables wage garnishment, depending on the specific type of Abstract filed. By providing essential details related to the judgment and the parties involved, this document facilitates effective debt collection and enforcement of court-ordered judgments.

Collin Texas Abstract of Judgment is a legal document that serves as a means to enforce a court-ordered judgment against a debtor in Collin County, Texas. When a judgment is issued by a court, it typically represents a final decision in a civil lawsuit, determining the liability of the defendant to the plaintiff. An Abstract of Judgment, specific to the state of Texas, is an essential tool used to secure the debt owed by the judgment debtor. The Collin Texas Abstract of Judgment contains crucial information such as the names of the judgment creditor (the party owed the debt) and the judgment debtor (the party liable for the debt). It also lists the amount owed, including the original judgment amount, any interest accumulated, and court-awarded fees or costs. Additionally, it includes the case number and the court where the judgment was rendered. The purpose of the Collin Texas Abstract of Judgment is to create a lien on the debtor's real property located in Collin County. This means that the judgment creditor gains a legal claim on the debtor's property, preventing them from selling or transferring ownership without satisfying the debt. The Abstract of Judgment is typically filed with the county clerk's office, ensuring its public record and visibility to potential property buyers or lenders. Furthermore, it is important to note that there are different types of Abstracts of Judgment in Collin, Texas. One type is the Traditional Abstract of Judgment, which is primarily used to create a lien on the debtor's real property. The second type is an Abstract of Judgment for Wage Garnishment. This type allows the creditor to request the debtor's employer deduct a portion of their wages to satisfy the debt. In summary, the Collin Texas Abstract of Judgment is a powerful legal tool used by judgment creditors to secure their debt obligations from judgment debtors in Collin County, Texas. It creates a lien on the debtor's real property and enables wage garnishment, depending on the specific type of Abstract filed. By providing essential details related to the judgment and the parties involved, this document facilitates effective debt collection and enforcement of court-ordered judgments.