![]() But it is a loose end worth trying up when an obligation is satisfied. ![]() Some parties might be tempted to overlook it. ![]() In the end, Satisfaction of Judgments are important for parties paying of an obligation in family court. Third, when a Satisfaction of Judgment is filed, it can protect the payor’s credit score by ensuring that the past due obligation does not show up on their credit report. Satisfaction of a judgment means that the judgment is no longer a lien on the debtors real property. Two, the party who received the payment likely cannot later claim that they didn’t receive payment when they signed a Satisfaction of Judgment. One, the court is put on notice that the debt has been satisfied. This is beneficial to the paying party for multiple reasons. The Satisfaction of Judgment is then filed with the court. A Satisfaction of Judgment is a document signed by one party acknowledge receipt of the payment. When satisfaction of any judgment rendered in a court not of record is made, the judgment creditor shall by himself, or his agent or attorney, give written. When these payments are made, the party paying should likely consider getting a Satisfaction of Judgment. It could be that one party is to the pay the other for a past due obligation, like child support arrears. In other instances, the payment could involve child support, spousal support or attorney’s fees. It could be that an item of marital property is being sold or refinanced and a payment is being ordered to another. It could be that an account is being divided and one party is to pay the other. For example, one party might be ordered to the pay the other party a certain amount for property settlement. The payments can sometimes involve property settlements in a divorce. Other times, the court might order the payment after a trial or hearing. Sometimes, the order is through a consent judgment. In divorce or family law matters, there is often times an order from the court for a payment from one party to the other.
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