if someone files a lien against me for a debt that I owe them, what does this give them the right to do? can they empty my bank account? can they impound my car? can they claim possession of my belongings? other nasty things?
Answer
If someone goes to court and gets a judgment against you and files a lien, or if someone such as a tax agency files a lien, this gives the lienholder the right to the money from any real estate you sell in the county where the lien is filed, and if you have equity in real property to which the lien attaches, the lien will survive any bankruptcy filing. A judgment by itself gives a judgment creditor the right to tap your bank account, garnish your wages, and possibly levy upon your vehicles and other personal property.
No comments:
Post a Comment