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11
Sep

When the benefits, rights and obligations established by a Judgement between the parties have been exchanged, the Judgement is said to have been satisfied. Until satisfaction, the Judgement remains outstanding and unsatisfied.

Satisfaction

of a money Judgement occurs when the Judgement debtor pays money to the Judgement creditor. The satisfaction may be partial or the satisfaction may be in full. Credit reports on Judgement debtors issued by credit reporting agencies should reflect all partial and full satisfactions of Judgements.

Category : BANKRUPTCY