Judgement lien, what exactly it is?by Alan M. Cohen LLC Debt Collection Lawyer in Boston
If an individual sues you in the court and wins a lawsuit against you he or she can then records the judgement against your property. It is only forced only after someone sues you and wins a money judgement against you.
You may be anxious to know here how a creditor gets a judgment lien in MA. When you owe money to someone and do not pay according to the agreed timeline and terms, the creditor can seek legal ways to get the money from you. If you don’t respond to the lawsuit or you don’t respond to the court dealings for the creditor, the court will enter a judgement in the favor of the creditor for the amount that you owe, plus the interest. Once the creditor gets the judgment, he or she can file a judgement against you. This means the creditor can take a security interest in the property you own and has the right to take the property that is subject to the lien and even sell it to satisfy the judgement.
If you want to know more about foreign judgement or judgement lien, you should get in touch with a professional attorney. The attorney will explain you everything in detail and will also answer queries that you may have. It is always good to hire an attorney who has knowledge and expertise in the field of collection laws and lawsuits pertaining to debt collection.
Created on Oct 29th 2018 05:31. Viewed 230 times.