Spokane Valley Washington Satisfaction of Judgment

State:
Washington
City:
Spokane Valley
Control #:
WA-0909-AA
Format:
Word; 
Rich Text
Instant download

Description

This is a satisfaction of judgment which indicates that a judgment has been paid in full, including all fees, costs and interest. It acknowledges full and complete satisfaction of the judgment and directs that the judgment be marked as paid in full.

Spokane Valley Washington Satisfaction of Judgment is a legal process that involves the resolution of a judgment, typically in favor of a plaintiff or creditor, in the Spokane Valley area of Washington state. This process aims to ensure that the judgment amount is paid by the debtor or defendant to satisfy the legal obligation. In Washington state, a Satisfaction of Judgment officially declares that the judgment has been fulfilled. It serves as proof that the debt has been paid in full, releasing the debtor from any further liability associated with the judgment. Additionally, this satisfaction document helps to clear the debtor's credit record, as it indicates that the debt has been fully settled. The Spokane Valley Satisfaction of Judgment process involves several steps. Upon receiving the full payment of the judgment amount, the creditor or plaintiff can file a Satisfaction of Judgment with the Spokane Valley court where the judgment was originally issued. This document should include relevant details, such as the case number, the parties involved, the judgment amount, and the date of its fulfillment. Once filed, the court reviews the document and records it in their official records, acknowledging that the judgment has been satisfied. The satisfaction may then be reported to credit bureaus and other relevant entities to update the debtor's credit history, demonstrating their fulfillment of the legal obligation. Different types of Spokane Valley Washington Satisfaction of Judgment may include civil judgments, small claims judgments, and other court-ordered financial obligations settled within the jurisdiction of Spokane Valley. These judgments can arise from various situations, such as contract disputes, personal injury cases, property damage claims, or unpaid debts. It is important for both the creditor and the debtor to understand the implications and processes involved in Spokane Valley Washington Satisfaction of Judgment. Creditors should ensure that all necessary documentation is accurately prepared and filed with the proper court. Debtors should be proactive in fulfilling their obligations and may consult legal professionals to ensure compliance with the satisfaction requirements. Overall, Spokane Valley Washington Satisfaction of Judgment is a means to finalize and satisfy legal judgments, creating a resolution for both creditors and debtors in the Spokane Valley area.

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FAQ

A satisfaction of judgment is a document signed by a judgment creditor and generally filed with the court, indicating that a judgment has been paid in full.

Renew the judgment Money judgments automatically expire (run out) after 10 years. To prevent this from happening, the creditor must file a request for renewal of the judgment with the court BEFORE the 10 years run out.

(7) Except as ordered in RCW 4.16. 020 (2) or (3), chapter 9.94A RCW, or chapter 13.40 RCW, no judgment is enforceable for a period exceeding 20 years from the date of entry in the originating court.

A popular way to collect on your judgment award is by a writ of garnishment. A garnishment entitles a judgment creditor to garnish and take the proceeds belonging to the debtor. It is typically used to garnish wages being paid by an employer or to garnish the proceeds in the debtor's bank account.

How long does a judgment lien last in Washington? A judgment lien in Washington will remain attached to the debtor's property (even if the property changes hands) for ten years.

A satisfaction of judgment is a document signed by a judgment creditor and generally filed with the court, indicating that a judgment has been paid in full.

Judgment in the State of Washington can also be extended beyond the initial ten year period by filing an application in the court where the judgment has been filed within ninety days of the expiration of the initial ten year period (RCW 6.17. 020).

Civil judgments have a life span provided by state law. In Washington, a judgment lasts for 10 years and can be renewed at the end of that period. Therefore once you have a judgment entered against you it can last a long time and incur a large amount of interest.

Satisfaction and release is the formal paperwork stating that a consumer has paid the full amount owed under a court judgment. A satisfaction and release proves that they have paid their debt and prevents creditors from trying to recover more money from them.

The Satisfaction of Judgment form should be signed by the judgment creditor when the judgment is paid, and then filed with the court clerk. Don't forget to do this; otherwise, you may have to track down the other party later. It's easy to get a copy of a Satisfaction of Judgment form.

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Spokane Valley Washington Satisfaction of Judgment