The “Stipulation for Time Payments (After Judgment) (L-1094)” form is a document issued by the Superior Court for use in Orange County, CA, designed to allow individuals who have a judgment against them to make payments over time instead of paying the total amount immediately.
This form is crucial for those unable to pay the judgment in total, providing a structured payment plan agreed upon by both the debtor and the creditor under the court's approval. It outlines the payment schedule, amount, and terms to prevent further legal actions for the non-payment of the judgment.
Purpose
To formalize an agreement between the debtor and the creditor, allowing the debtor to pay the judgment amount over time rather than in a lump sum.
Necessity
It is needed to prevent further legal action for non-payment and to provide a legal framework for the installment payments.
Intended Audience
Debtors who cannot afford to pay the entire judgment amount upfront and creditors willing to accept installment payments.
Filling Out the Form
It typically requires detailed information about the payment agreement, including the payment schedule, amounts, and terms.
Key Information
Debtor and creditor information, judgment details, payment terms (amounts, intervals), and signatures.
Debtor and creditor information, judgment details, payment terms (amounts, intervals), and signatures.
Submission Timing
It should be submitted after a judgment is made and before any further enforcement action is taken, but specific deadlines may vary.
Submission Method
The exact submission method can depend on court procedures, but may include filing in person, by mail, or electronically.