A Chicago Illinois Release of Judgment Lien — By Creditor refers to the legal document that formally releases a judgment lien from a debtor's property or assets in the city of Chicago, Illinois. This document is typically filed by the creditor to indicate that the judgment lien has been satisfied, released, or otherwise resolved. In Chicago, there are two primary types of Release of Judgment Lien — By Creditor that may be applicable: 1. Full Release of Judgment Lien: This type of release completely extinguishes the judgment lien, removing any encumbrance on the debtor's property. It signifies that the debt owed by the debtor has been fully paid, settled, or otherwise resolved. 2. Partial Release of Judgment Lien: In certain cases, a creditor may agree to release only a portion of the judgment lien. This is usually done when the debtor makes a partial payment or agrees to a settlement amount less than the total debt owed. The partial release effectively removes the lien on that specific portion of the property or assets. Keywords: Chicago, Illinois, Release of Judgment Lien, By Creditor, full release, partial release, legal document, satisfy, encumbrance, debtor, creditor, property, assets, settlement, resolved.
Chicago Illinois Release of Judgment Lien - By Creditor
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How to fill out Chicago Illinois Release Of Judgment Lien - By Creditor?
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