Warning

Info

LSDefine

Simple English definitions for legal terms

judgment lien

Read a random definition: frontager

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

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
13:41
i’m listening to bladee at the train station
good luck bunny!
hi everyone! I've been in DC for the past days. Anybody else get a WashU interview?
14:20
oh I already took it lol
14:20
i’m going to nyc to hang out today
ahh thought you took it today
how do you feel it went?
14:54
@RollTide316: I will be an October test taker.
manifestmoreadmissions
15:10
wait is glove taking their test today
manifestmoreadmissions
15:11
manifesting the easiest most stellar and almost fun questions for glove (and everyone else)
Nel folks that could be a 147 i just put up
manifestmoreadmissions
15:14
its a 180 trust
manifestmoreadmissions
15:14
but i know the feeling
manifestmoreadmissions
15:15
its gonna be so good its already so good
manifesting a “it’s gonna be so good” for glove
i paid for the secret extra special same day score preview for gloves lsat and i just read the score and it says “10 points over your highest pt” in the score band
Holy sheeet huge if true wasp
was this lsat weekend?
18:15
Yeah
AssortedTiredKingfisher
18:37
yuh
19:24
the movie 弟弟 is so good. movie of the summer
19:39
I watched the trailer and it reminded me of Ladybird. I think I will pass but if I'm 5-10 years from now people are still talking about it, I will give it a shot.
19:39
Right now with Asian cinema I am stuck in the Zatoichi series.
19:40
In*
LSD+ is ad-free, with DMs, discounts, case briefs & more.