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IN THE COURT OF COUNTY STATE OF COLORADO Plaintiff(s) vs. Cause Number: Defendant(s) SATISFACTION OF JUDGMENT KNOW ALL PERSONS BY THESE PRESENTS: That, the Plaintiff(s) and judgment creditor(s) in
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How to fill out satisfaction of judgment
How to fill out satisfaction of judgment:
01
Obtain the necessary form: Begin by obtaining the satisfaction of judgment form from the court where the judgment was entered. The specific form may vary depending on the jurisdiction.
02
Provide identifying information: Enter your name, address, and contact information at the top of the form. This will ensure that the court can easily identify you as the creditor seeking satisfaction.
03
Specify the judgment details: Fill in the judgment details, including the case number, the court where the judgment was entered, and the date of the judgment. This information helps to accurately identify the specific judgment that is being satisfied.
04
Enter the judgment debtor's information: Include the name, address, and other identifying details of the judgment debtor. This allows the court to correctly associate the satisfaction with the appropriate debtor.
05
Describe the satisfaction: Clearly state how the judgment has been satisfied, whether it was through payment, property transfer, or any other agreed-upon arrangement. Provide specific details, such as the amount paid, date of payment, and any applicable reference numbers.
06
Sign and date the form: Sign the satisfaction of judgment form in the designated area. Make sure to include the date when signing. This signature serves as confirmation that the satisfaction is accurate and complete.
Who needs satisfaction of judgment:
01
Creditors: Creditors are the primary individuals or entities who require satisfaction of judgment. After obtaining a judgment against a debtor through the legal system, creditors use the satisfaction of judgment to officially acknowledge that the debt has been paid.
02
Debtors: While not necessarily needing the satisfaction of judgment, debtors may benefit from it as proof that the judgment has been satisfied. This document can be useful for future credit applications or to show that the debt is no longer outstanding.
03
Court or legal authorities: The court or legal authorities involved in the judgment process also require the satisfaction of judgment to keep an accurate record of debts and to close out the case officially. This document helps them maintain an up-to-date account of all resolved judgments.
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