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Simple English definitions for legal terms

rule of marshaling liens

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A quick definition of rule of marshaling liens:

The rule of marshaling liens, also known as the inverse-order-of-alienation doctrine, is a principle that allows a creditor to collect on a mortgage or lien on a property sold off in successive parcels. The creditor can collect first from the parcel still held by the original owner, then from the parcel sold last, then next to last, and so on until the amount owed has been satisfied. This rule helps ensure that creditors are able to collect what they are owed, even if the property has been sold off in parts.

A more thorough explanation:

Definition: The rule of marshaling liens, also known as the inverse-order-of-alienation doctrine, is a principle that allows a creditor to collect on a mortgage or lien on a property sold off in successive parcels. The creditor can collect first from the parcel still held by the original owner, then from the parcel sold last, then next to last, and so on until the amount has been satisfied.

Example: Let's say John owns a property with three parcels, A, B, and C. He takes out a mortgage on the entire property but later sells parcel A to Sarah and parcel B to Tom. John defaults on the mortgage, and the creditor wants to collect the outstanding amount. According to the rule of marshaling liens, the creditor can first collect from parcel C, which is still held by John, then from parcel B, which was sold last, and finally from parcel A, which was sold first.

This example illustrates how the rule of marshaling liens works in practice. It allows the creditor to collect the outstanding amount in a specific order, which is fair to all parties involved.

rule of marshaling assets | rule of marshaling remedies

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shaquilleoatmeal
10:40
@llama: yea my vitamin k levels were wack, its normal after focusing on it but wouldnt have known otherwise
texaslawhopefully
10:40
I think it’s really easy to be vitamin D deficient, I’m perpetually vitamin D deficient too
shaquilleoatmeal
10:40
@JumpySubsequentDolphin: go buy this rn https://luckyironlife.com/?srsltid=AfmBOopcbDKFQGvh4KZ_nbX2zDqQNiXhVLGMqa27SRB-aW6oIepipKGz
another week without NYU DLS :(
PuppyBot
10:41
i am also vitamin d deficient its really common in more tan people
PuppyBot
10:41
i also have high cholesterol
GreyCeaselessMammoth
10:41
oh that's interesting, is your skin more resistant to the sun??
JumpySubsequentDolphin
10:42
@GreyCeaselessMammoth: there isn’t much sun here ☹️
10:42
shaq is rite, gotta stay on top if this shit.
PuppyBot
10:42
pigmentation reduces vitamin D production in the skin
JumpySubsequentDolphin
10:42
also yeah Arabs are like perpetually vit d deficient. we get those big bulk pill bottles for everyone in my family
GreyCeaselessMammoth
10:43
that's so interesting, i have a lot of arab family but i haven't heard of that
GreyCeaselessMammoth
10:43
i guess it makes sense
JumpySubsequentDolphin
10:43
@shaquilleoatmeal: I still think that would hurt my stomach
lilypadfrog
10:43
@shaquilleoatmeal: quarterly is crazy I haven’t gotten a physical in over three years
PuppyBot
10:43
median vitamin D intakes of American blacks are below recommended intakes in every age group, with or without the inclusion of vitamin D from supplements.
JumpySubsequentDolphin
10:43
@GreyCeaselessMammoth: NO WAY!! from where mammoth
GreyCeaselessMammoth
10:44
egypt! wa usratik mineyn?
indian people are also vitamin d deficient lolol
cumsock
10:44
i want a burgerrrrrrrrrr cheesy burger double patty bacon pickles
10:44
i am vitamin d deficient lol
PuppyBot
10:44
no pickles
JumpySubsequentDolphin
10:45
@GreyCeaselessMammoth: I LOVE EGYPTIAN ARABIC IT KILLS ME
JumpySubsequentDolphin
10:45
im palestinian
shaquilleoatmeal
10:45
@lilypadfrog: lmao, i get vo2 testing done at a lab and they offer it so i just do it. Also wtf havent u gotten a physical in so long?!
GreyCeaselessMammoth
10:45
JUMPYYYY we're neighbors!!
cumsock
10:45
what if ur irish and u are pale enough to reflect light does that mean ur deficient
@GreyCeaselessMammoth: i eat mostly whole foods now on my day to day and its the best
PuppyBot
10:45
maybe. i also burn. so i dont get how im deficient
GreyCeaselessMammoth
10:46
well i'm white but my stepdad is egyptian so i've been there a bunch and raised in a multi-gen egyptian household
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