Liens Without Consent During Bankruptcy
Creditors will do what they have to in order to get their money. When you fall behind in your bills but you own property, have assets and haven’t filed bankruptcy, you’re open to liens.
Liens are a tool commonly used in bankruptcy by creditors. Creditors can get some of these liens without the individual’s agreement. These types of liens are called non-consensual.
Non-Consensual Liens Creditors Use
2. Statutory lien: created automatically when certain statutory bankruptcy requirements are met
3.Tax lien: If you don’t pay your taxes you’ll find out that the government can impose a tax lien on you
1. Judicial lien: After an individual has been sued and a money judgment imposed, a judicial lien can be imposed against an individual creating a property lien
Other steps including recording the lien with state or local government may need to be taken to turn a judgment into a lien.
It’s important to know what creditors are legally allowed to do. Find out what you can do to stop the creditors from coming after your assets by meeting with Winter Park, Florida, bankruptcy attorney Eric Lanigan or Roddy Lanigan. The Lanigans will ask questions, provide answers and options specific to your financial situation. Eric Lanigan has 36 years of experience in bankruptcy and foreclosure.