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A lien is a legal claim on property to ensure debt repayment, either voluntary, such as mortgages, or involuntary, like tax and child support liens. These liens can significantly impact a person's credit and financial stability.
September 5, 2024
A lien is a legal claim creditors use to secure debt repayment through property or asset attachment. Types include judgment, bank, and tax liens, each necessitating tailored responses to mitigate their impact or challenge their validity.
September 5, 2024
Statutory liens are legal claims placed on a debtor's property to secure payment of debts, such as taxes, unpaid work, court judgments, or child support. Unlike contractual liens, which are based on agreements, statutory liens are imposed automatically by law. They remain attached to the property until the debt is satisfied, affecting property transfers and prioritizing certain creditors' rights in financial and legal matters.
September 5, 2024
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