What Needs To Be Done When The Judgment Debtor Makes Payment?
The following are options: • Partial Satisfaction of Judgment It is important for the Court files to be current when accounting for the payment of judgments since post judgment orders, such as writs of enforcement, are entered for outstanding balances. Upon payment of any portion of a judgment, a Partial Satisfaction of Judgment must be filed with the Court. • Full Satisfaction It is required by law that the creditor file a satisfaction form with the Court upon full payment of a judgment. If this form is not filed, liens cannot be removed from a debtor’s property and credit reporting agencies will continue to report outstanding judgment. Failure to file the form may subject the creditor to liability.
