A satisfaction of judgment should to be filed in the Municipal Court Civil Division. Upon receipt of your release form, file it with the Court of Common Pleas Civil Division. The cost is $5.00.
An answer must be filed within twenty-eight days from the date of service. If it is postmarked by midnight on the 28th day then it is considered filed timely.
A judgment is good for five years, but any activity of execution on the judgment extends the 5 years.
Yes, they will need to seek legal advice.
Judgments are generally paid directly to the Plaintiff or the Attorney for the Plaintiff.
Each year the Ohio Tax Commissioner sets the interest rate on judgments. The current interest rate is 4%. This document provides past interest rates and calculation formulas. The interest rate is determined by the year in which you obtain the judgment.