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A particular lien exists only as security for a particular or specific debt owed, and a general lien allows a lien holder to keep possession of a debtor's goods until all debts due from the debtor have been paid.

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14y ago

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What is the difference between general lien and particular lien?

particular lien gives right to retain only such goods in respect of which charges due remain unpaid......whereas, general lien gives right to retain any goods belonging to another person for any amount due from him......


What is No Lien Account?

No Lien accounts are account on which the concerned bank could not exercise its right of general lien (general terms and conditions).


What is difference between general lien and perfect lien?

The general lien refers to any type of security while a perfect lien refers to a specific type of security.


Can a judgment lien be constructive or voluntary or general or specified. What?

A judgment lien is an involuntary lien.


How long do you have to put a lien on someones property?

You need to check the laws in your particular state for your particular type of lien.You need to check the laws in your particular state for your particular type of lien.You need to check the laws in your particular state for your particular type of lien.You need to check the laws in your particular state for your particular type of lien.


What is a general lien?

A general lien is available as a security for all debts arising out of similar transactions between the parties.


What is the time in which a creditor can colllect against a lien?

You need to check the type of lien and the state laws for any particular state. State laws vary.You need to check the type of lien and the state laws for any particular state. State laws vary.You need to check the type of lien and the state laws for any particular state. State laws vary.You need to check the type of lien and the state laws for any particular state. State laws vary.


A lien that affects all of the real and personal property owned by a debtor is called?

General lien.


What is the procedure in South Carolina for putting a lien on a piece of land for a personal debt when the owner of the land is agreeable to the lien?

Go to Office Max or Office Depot and buy the paperwork commonly called a "mechanic's lien". This is a general lien contract and can be modified for your purposes.


Commission rates for bail bonds?

General commission rates for a bail bonds company is 10% depending on the rate set by your state. However most bonds are backed by a surety company or a general bail bond agents property. Therefore an individual Missouri Bail Bonds agent can expect to earn anywhere from 2%-7% on each bond as they must pay their GA or Surety on each bond executed.


Does a lien placed on a condo have to be refiled?

Your association attorney is better prepared to answer this question in your particular situation. There is no standard.


How can an individual have a lien on your home?

Because the individual filed suit against you for something, won the case and obtained a judgment against you, then filed a lien at the registry of deeds. In general, the way to remove the lien is to pay what the court told you to pay.

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