judgment lien (Meaning)

Wordnet

judgment lien (n)

lien on a debtor's property that is granted to a creditor by court judgment; lien may be enforced by having the sheriff seize the property and hold a sheriff's sale

Synonyms & Antonyms of judgment lien

No Synonyms and anytonyms found

judgment lien Sentence Examples

  1. A judgment lien is a legal claim placed against a person's property when they fail to pay a debt.
  2. Creditors often file judgment liens to secure payment of outstanding debts.
  3. A judgment lien can be filed against real estate, personal property, or both.
  4. Once a judgment lien is filed, the creditor has the right to sell the debtor's property to satisfy the debt.
  5. The debtor may be able to remove a judgment lien by paying off the debt or filing for bankruptcy.
  6. Creditors must file a notice of judgment lien with the appropriate government office.
  7. Judgment liens can negatively impact a person's credit score and make it difficult to obtain a mortgage or other types of credit.
  8. Some states have laws that limit the amount of time a judgment lien can remain in effect.
  9. Debtors should seek legal advice if they are facing a judgment lien.
  10. Judgment liens can be a powerful tool for creditors to collect on outstanding debts.

FAQs About the word judgment lien

lien on a debtor's property that is granted to a creditor by court judgment; lien may be enforced by having the sheriff seize the property and hold a sheriff's

No synonyms found.

No antonyms found.

A judgment lien is a legal claim placed against a person's property when they fail to pay a debt.

Creditors often file judgment liens to secure payment of outstanding debts.

A judgment lien can be filed against real estate, personal property, or both.

Once a judgment lien is filed, the creditor has the right to sell the debtor's property to satisfy the debt.