Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

judgment lien

Read a random definition: strict construction

A quick definition of judgment lien:

A judgment lien is a type of lien that happens when someone owes money and doesn't pay it. A court can order that the person's property be used to pay the debt. This means that if the person sells their property, the money from the sale will go towards paying off the debt.

A more thorough explanation:

Definition: A judgment lien is a legal claim placed on a property by a court when the property owner fails to pay a debt. This lien gives the creditor the right to force the sale of the property to satisfy the debt owed.

Example: Let's say John borrowed $10,000 from Jane to start a business. John failed to repay the loan, and Jane took him to court. The court ruled in Jane's favor and ordered a judgment against John for the $10,000 he owed her. To secure the debt, the court placed a judgment lien on John's property, which means that if John sells the property, Jane will be paid the amount owed from the proceeds of the sale.

Another Example: Sarah was sued by her former landlord for unpaid rent. The court ruled in favor of the landlord and ordered a judgment against Sarah for the unpaid rent. To secure the debt, the court placed a judgment lien on Sarah's car, which means that if Sarah sells the car, the landlord will be paid the amount owed from the proceeds of the sale.

These examples illustrate how a judgment lien works. When a court orders a judgment lien, it gives the creditor the right to collect the debt owed by forcing the sale of the property. This can be a powerful tool for creditors to collect unpaid debts, but it can also be a serious consequence for property owners who fail to pay their debts.

judgment debtor | judgment notwithstanding the verdict

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 8 👎
Help us make LSD better!
Tell us what's important to you
Dkk
15:48
Indeed, the legendary man himself.
15:49
I would go to blow my back out by the bay boston
15:50
lift with ur back not your legs, its better to have a blown back than two bad legs
CynicalOops
15:53
Blow and back day out by boston bay
15:59
so true
Dkk
16:03
Of course. Man sad Ricky Henderson died. That was my favorite athlete of all time.
windyMagician
16:10
is it dumb that I rlly want to go to Mich even tho I have a full ride to umn
16:12
no-value as a consumer often means more than the price
Dkk
16:15
@windyMagician: Nah michigan is better than UMN
Dkk
16:15
My sister just officially graduated, yay!
16:16
awesome @Dkks sister
16:16
prolly named veronica or sarah
windyMagician
16:16
@Dkk: for public defense tho?
windyMagician
16:16
Sarah in the bathroom
texaslawhopefully
16:17
@windyMagician: not at all. Michigan is also very generous with aid, so if you get enough it makes perfect sense to take it.
windyMagician
16:17
fuck okay
windyMagician
16:17
going to my dream school is crazy
michigan also has better options if you do PD for 10 years then want to do something else
windyMagician
16:19
also would love to clerk for my federal district court even tho I know its hella competitive, I think mich sets me up better?
16:20
would be a great point to bring up when ur deciding / visiting each place- see what recent placement looks like
texaslawhopefully
16:23
For fed clerkships by far Michigan places better. I think it’s like 14-15 percent
windyMagician
16:25
sticker debt is high-key scary tho
texaslawhopefully
16:26
I’m sure you’ll get good merit aid though. Look at Michigan’s 509 report. They’re very generous.
16:34
i am going to wait patiently into january to get into a law school
16:34
then i will start tweaking
texaslawhopefully
16:42
January could not come any sooner
16:54
i hope you guys all have a very lovely holiday season
17:02
has everyone finished procuring their presents?
17:02
I got my sis a vintage leather jacket off ebay she’s gonna freak she only has fake stuff
LSD+ is ad-free, with DMs, discounts, case briefs & more.