Sentences with phrase «to satisfy a judgment»

"To satisfy a judgment" means to fulfill or meet the requirements set by a court order or decision. This typically involves paying a debt, providing compensation, or completing a specific action as mandated by the court to resolve the case. Full definition
The reality is that there is no easy way to escape the obligation to satisfy a judgment debt arising from sexual assault.
You may file a judgment lien so that the other driver can not sell property without first satisfying the judgment.
A lawsuit against the party might yield a judgment but, oftentimes, the underinsured party does not have the assets to immediately satisfy that judgment.
At the end of the day, the insurer may have to make payment, but the insured will not have to personally satisfy a judgment.
They are often very effective in preserving assets that can then be used to satisfy a judgment debt.
By doing this the directors attempted to personally benefit themselves by insulating the funds from being able to satisfy the judgment in favour of the dismissed employee.
Stojevic and Stone & Rolls were unable to satisfy the judgment obtained against them by Komercni Banka and Stone & Rolls went into insolvent liquidation.
He also adopted the defendants» position that if this interpretation of the Act was accepted, the exposure of the assets of Ontario subsidiaries to satisfy judgments by parent companies «would have startling and stark consequences for Ontario's businesses and their ability to attract investment.»
There must be good reason to believe the assets to be frozen would become available to satisfy the judgment sought by the plaintiff in the original action; and,
After satisfying judgment, you can begin the process of having your license reinstated and your registration restored.
Attempts to satisfy judgment in the U.S. were frustrated by unproven allegations of corruption around the Ecuadorian judgment.
A directive by a High Court to a sheriff to seize sufficient goods of a debtor to satisfy judgment debt
[26] It is apparent on the evidence before me that Mr. Carter has gone to elaborate lengths to shield his investments and arrange his affairs to appear as though he does not have the financial means to satisfy the judgment against him or to comply with a security for judgment order.
Satisfied judgments will be on your credit report for seven years after they are released (or alternately ten years after the date they were filed).
When you pay off a creditor's judgment, the creditor files paperwork with the court noting that you satisfied the judgment.
Bankruptcies, judgments, liens, divorces, satisfied judgments and or liens, are all considered court records, and are all considered negative by all credit grantors.
The U.S. Department of the Treasury reports that bank garnishment allows debt collectors to withdraw money from your accounts to satisfy a judgment, unless certain funds in your accounts, such as Social Security payments, are exempt from judgments by law.
To seize a physical asset like a car to sell and satisfy a judgment is another matter.
Like bankruptcies, satisfied judgments are removed after seven years.
However, there are some states, like Texas, that do not allow wage garnishment unless it is the only way for a creditor to satisfy the judgment.
If you have a satisfied judgment and the plaintiff the judgment was awarded to never bothered to give the court an order to mark the judgment satisfied, you can go to the court and request to vacate judgment form.
Once Discover has the order in its hands, it can exercise several rights to satisfy its judgment.
Again, however, «The likelihood of Mooring collecting the money is slim, as it's not clear if there are any assets or insurance to satisfy the judgment,» reported Caitlin Clark of the Bryan - College Station Eagle.
Once the veil has been pierced, any responsible parties can have their personal assets taken from them to reimburse creditors or to satisfy any judgments a lawsuit may bring.
A judgment creditor asked the sheriff to seize and sell a house to satisfy the judgment.
When Otis realized that Cusick had insufficient funds to satisfy the judgment, Otis released Cusick from liability in exchange for an assignment of Cusick's legal malpractice and 93A claims against his lawyer and insurer in defense of Cusick in the underlying action.
This is particularly true if the at - fault party has significant assets that could be used to satisfy the judgment.
If a defendant does not have insurance and does not have assets sufficient to satisfy a judgment, the defendant can file a petition asking that the judgment be discharged.
Victims can sue drunk drivers, but often these drivers are under - or uninsured and have few assets to satisfy a judgment.
The purpose of these post-judgment remedies is to seize assets belonging to the defendant so those assets can be sold and the money applied to satisfy the judgment.
The next step in the process is to identify and secure Iranian assets to satisfy the judgments, according to R. Paul Hart, an attorney at Karsman McKenzie & Hart.
Guidance is given in s 14 (2): for the purposes of s 14 (1) an injury is significant if the person whose date of knowledge is in question would reasonably have considered it sufficiently serious to justify his instituting proceedings for damages against a defendant who did not dispute liability and was able to satisfy a judgment.
They have been used to assist in preserving evidence (Anton Piller order, a.k.a. civil search warrant) and to prevent disposition of assets which may later be required to satisfy a judgment (Mareva injunction, a.k.a. freezing order).
In any lawsuit the plaintiff wants to ensure that at the end of the day there will be someone with the means to satisfy the judgment.
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