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Is a statutory lien an involuntary lien?
Yes. Statutory liens include tax liens, mechanic's liens, judgment liens, etc.
What is an agricultural lien?
An agricultural lien is a statutory lien - legal claim - which protects the seller of farming equipment by giving the seller a lien on crops grown with the equipment.
Is a mechanics lien voluntary or involuntary?
Involuntary. "a mechanic's lien is an involuntary, statutory, special lien, whereas a mortgage is a voluntary, equitable, special lien." source: http://www.realtown.com/words/lien ---------------------- Your welcome :)
Do liens on homes by a contractor accrue interest?
A lien is merely a kind of security for a debt. If the contract provides for interest, then the lien, if properly drafted, will cover that. In most states there is a statutory interest rate. If the contract doesn't provide for interest, then interest will accrue at the statutory rate and the lien, if properly drafted, will cover that as well.
Can interest be charged once a lien is placed on property?
Yes, depending on the type of lien. Judgment liens accrue interest at a statutory rate. In Massachusetts that rate is 12%.
Who can file a lien on property after a bankruptcy discharge?
No one. Liens can only arise on valid debts. They can be statutory (such as a mechanics lien) or judicial ( a judgment lien). However, bankruptcy discharges the underlying debt, unless the debt was one not subject to discharge (such as taxes of a student loan). These creditors can pursue these debts, receive a judgment and enforce collection through a judgment lien.
Is there a statutory right of redemption in Washington state?
Yes. 8 months unless the lien holder has waived thweir right to a deficiency. Then it's 12.
Do involuntary liens accrue interest?
In most cases, yes. A judgment lien begins to accrue interest at a statutory rate as soon as it is issued. The rate in Massachusetts is 12%. A lien for income, property or employment taxes accrues interest from the time of the assessment. Interest can cause the amount due to increase rather quickly. The costs of obtaining the lien are also included. It's wise to pay up as soon as possible.In most cases, yes. A judgment lien begins to accrue interest at a statutory rate as soon as it is issued. The rate in Massachusetts is 12%. A lien for income, property or employment taxes accrues interest from the time of the assessment. Interest can cause the amount due to increase rather quickly. The costs of obtaining the lien are also included. It's wise to pay up as soon as possible.In most cases, yes. A judgment lien begins to accrue interest at a statutory rate as soon as it is issued. The rate in Massachusetts is 12%. A lien for income, property or employment taxes accrues interest from the time of the assessment. Interest can cause the amount due to increase rather quickly. The costs of obtaining the lien are also included. It's wise to pay up as soon as possible.In most cases, yes. A judgment lien begins to accrue interest at a statutory rate as soon as it is issued. The rate in Massachusetts is 12%. A lien for income, property or employment taxes accrues interest from the time of the assessment. Interest can cause the amount due to increase rather quickly. The costs of obtaining the lien are also included. It's wise to pay up as soon as possible.
Can someone file a lien on your property without anything in writing or proof?
Yes, but the lien may not be valid. In most states there can be criminal and civil penalties for filing a bogus lien.You may be referring to a mechanic's lien which is the only type of lien a person can file on their own. In most states a mechanic's lien is of a short duration and must be perfected within a statutory time period by a judgment lien. You need to check your state laws regarding mechanic's liens for more details.
How do you file a claim or lien against a company who did not pay the account payables?
You can't just file a valid lien against a company. You have to have a statutory right to a lien on specific property. Therefore, unless you made improvements to their real estate, or did work on their vehicle, or are their attorney, or provided medical services, the only way you can claim a valid lien is to first sue the company and obtain a judgment. Then the judgment can be a lien against the company's real estate and you can also execute against its assets.
Defense against a mechanic's lien?
If the lien is wrongful, write a certified letter to the lien claimant demanding that the lien be released. If the letter is not answered, or if the lien claimant refuses to remove the lien, you should see a real estate attorney. If the lien is legitimate, contact the lien claimant to work out a payment plan.
Is SEBI a statutory body or non statutory body?
Statutory Body
