A judgment lien is created when a court grants a creditor an interest in the debtor's property, based upon a court judgment. A plaintiff who obtains a monetary judgment is termed a "judgment creditor." The defendant becomes a "judgment debtor."
Judgment liens may be created through a wide variety of circumstances. Laws regarding judgment liens vary by jurisdiction, so local laws should be consulted.
Keywords: Wake North Carolina, Release of Judgment Lien, Properties, Assets, Defendant Description: The Wake North Carolina Release of Judgment Lien on Properties and Assets of Defendant is a legal process that allows a judgment lien to be removed from a defendant's properties and assets in Wake County, North Carolina. When a judgment has been entered against a defendant in a court of law, the winner of the judgment (the judgment creditor) may seek to enforce the judgment by placing a lien on the defendant's properties and assets. However, there may arise circumstances where the defendant has satisfied the judgment, settled the debt, or reached an agreement to release the lien. In such cases, the judgment creditor can file a Wake North Carolina Release of Judgment Lien, which is a legal document that officially removes the lien on the defendant's properties and assets, thereby releasing any claim or encumbrance on them. Types of Wake North Carolina Release of Judgment Lien on Properties and Assets of Defendant: 1. Voluntary Release: If the defendant agrees to pay the judgment amount or the parties come to a settlement agreement, the judgment creditor can request a voluntary release of the judgment lien. This type of release allows the defendant to regain control of their properties and assets by satisfying the judgment requirements. 2. Satisfaction of Judgment: In cases where the judgment amount has been fully paid or otherwise fully satisfied, the judgment creditor can file for a satisfaction of judgment, which leads to the release of the lien on the defendant's properties and assets. This release ensures that the defendant's properties are no longer subject to the judgment lien. 3. Settlement Agreement: When the parties involved reach a settlement outside of court, the judgment creditor can file a release of judgment lien based on the terms agreed upon in the settlement agreement. This type of release ensures that the defendant's properties and assets are no longer encumbered by the judgment lien. 4. Discharge of Lien: In certain situations, the defendant may be able to prove that the judgment lien should not have been placed on their properties or assets in the first place, or that the lien should be released due to legal circumstances. In such cases, the defendant can file for a discharge of the judgment lien, leading to its release. It is important to remember that the specifics of the Wake North Carolina Release of Judgment Lien process may vary depending on the unique circumstances of each case. It is advisable for the defendant or their legal representative to consult with an attorney familiar with North Carolina law to navigate this process effectively.Keywords: Wake North Carolina, Release of Judgment Lien, Properties, Assets, Defendant Description: The Wake North Carolina Release of Judgment Lien on Properties and Assets of Defendant is a legal process that allows a judgment lien to be removed from a defendant's properties and assets in Wake County, North Carolina. When a judgment has been entered against a defendant in a court of law, the winner of the judgment (the judgment creditor) may seek to enforce the judgment by placing a lien on the defendant's properties and assets. However, there may arise circumstances where the defendant has satisfied the judgment, settled the debt, or reached an agreement to release the lien. In such cases, the judgment creditor can file a Wake North Carolina Release of Judgment Lien, which is a legal document that officially removes the lien on the defendant's properties and assets, thereby releasing any claim or encumbrance on them. Types of Wake North Carolina Release of Judgment Lien on Properties and Assets of Defendant: 1. Voluntary Release: If the defendant agrees to pay the judgment amount or the parties come to a settlement agreement, the judgment creditor can request a voluntary release of the judgment lien. This type of release allows the defendant to regain control of their properties and assets by satisfying the judgment requirements. 2. Satisfaction of Judgment: In cases where the judgment amount has been fully paid or otherwise fully satisfied, the judgment creditor can file for a satisfaction of judgment, which leads to the release of the lien on the defendant's properties and assets. This release ensures that the defendant's properties are no longer subject to the judgment lien. 3. Settlement Agreement: When the parties involved reach a settlement outside of court, the judgment creditor can file a release of judgment lien based on the terms agreed upon in the settlement agreement. This type of release ensures that the defendant's properties and assets are no longer encumbered by the judgment lien. 4. Discharge of Lien: In certain situations, the defendant may be able to prove that the judgment lien should not have been placed on their properties or assets in the first place, or that the lien should be released due to legal circumstances. In such cases, the defendant can file for a discharge of the judgment lien, leading to its release. It is important to remember that the specifics of the Wake North Carolina Release of Judgment Lien process may vary depending on the unique circumstances of each case. It is advisable for the defendant or their legal representative to consult with an attorney familiar with North Carolina law to navigate this process effectively.
