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Liens

The right of a creditor to sell collateral property when a debtor defaults on their loan

2,139 Questions

What did the crop lien law require of debtors?

The crop lien law required debtors, typically farmers, to pledge a portion of their future crop yield as collateral for loans or credit extended by merchants or landowners. This meant that if the farmers failed to repay their debts, the creditors had a legal claim to the crops produced. The law often placed farmers in a cycle of debt, as they were forced to borrow repeatedly to cover expenses, leading to a reliance on the same merchants for credit. Ultimately, this system contributed to economic difficulties and exploitation of impoverished farmers, particularly in the post-Civil War South.

Who bought household bank liens?

Household Bank, a division of HSBC, specialized in credit cards and consumer lending. The institution, known for its acquisition of various consumer debts, often purchased liens on household accounts as part of its business model. However, specifics on particular transactions or buyers of household bank liens may vary over time and should be researched for the most accurate and current information.

Who is Mary Catherine?

Mary Catherine can refer to various individuals, as it's a common name. Without specific context, it's difficult to identify a particular person. If you meant a notable figure, please provide more details for a clearer response.

Can a contractor with a lien on a house get paid if the bank takes back the house from the builder?

Yes, a contractor with a lien on a house may still be entitled to payment even if the bank takes back the house from the builder. The lien gives the contractor a legal claim against the property for unpaid work, and they could potentially recover their payment through the foreclosure process. However, the contractor's ability to be paid depends on the priority of the lien and the specific circumstances of the foreclosure. It’s advisable for contractors to consult legal counsel to understand their rights in such situations.

How isInherited property by 5 siblings one sibling has liens that will be more than her proceeds from her portion of the sale of the property how is that handled in South Dakota?

In South Dakota, if one sibling has liens that exceed their portion of the proceeds from the sale of inherited property, those liens can be addressed during the settlement of the estate. The proceeds from the sale can be used to pay off the liens before distribution among the siblings. If the liens amount to more than the sibling’s share, they may not receive any proceeds, but the remaining siblings will still receive their respective shares. It is advisable to consult with a probate attorney to navigate the specifics of such situations.

How do you put a mechanics lean on a car?

To place a mechanic's lien on a car, you typically need to follow state-specific legal procedures. This often involves providing written notice to the vehicle owner detailing the work performed and the amount owed. You may also need to file a lien statement with your local government or department of motor vehicles. It's advisable to consult with a legal professional to ensure compliance with all necessary requirements.

What muscles are temporarily put out of business by the sling?

The "sling" refers to the myofascial sling system in the body, which comprises interconnected muscles and fascia that work together for movement and stability. When a sling is engaged, it can temporarily inhibit the function of certain muscles that are not part of that specific sling. For example, when the deep core sling is activated, muscles like the rectus abdominis and external obliques may become less active to allow for better stabilization and coordination. This temporary inhibition helps optimize performance and reduce the risk of injury during movement.

What is an artisans lien?

An artisan's lien is a legal right that allows a craftsman or service provider to retain possession of a client's property until payment for services rendered is made. This lien typically applies to repairs or improvements on personal property, such as vehicles or artwork. It serves as a form of security for the service provider, ensuring they can recover costs associated with their work. If the debt remains unpaid, the artisan may have the right to sell the property to satisfy the claim.

Can you get another vehicle if stolen and has no lien?

Yes, you can get another vehicle if yours is stolen and has no lien. Since you own the vehicle outright, you can use your available funds or financing options to purchase a replacement. It's also advisable to report the theft to the police and your insurance company, as you may be eligible for compensation or coverage depending on your policy.

Can a judgment creditor attach real property held under a corporation?

Yes, a judgment creditor can attach real property held under a corporation, but the process typically involves specific legal procedures. The creditor must obtain a judgment against the corporation and may need to execute a lien or levy on the property. However, the ability to collect on the judgment may depend on the corporation’s assets and any applicable protections, such as limited liability. It's advisable for creditors to consult legal experts to navigate the complexities of corporate and property law.

Can a guarantor place a lien on your house for a repo car and can they garnish your wages if you live in Arkansas?

In Arkansas, a guarantor typically cannot place a lien on your house for a repossessed car unless they have a court judgment against you for the debt. If the creditor obtains a judgment, they may be able to garnish your wages to recover the owed amount, but they must follow legal procedures to do so. It's advisable to consult with a legal professional to understand the specific implications of your situation.

What do liens and easement have in common?

Liens and easements both relate to property rights and can affect ownership. A lien is a legal claim against a property to secure payment for a debt, while an easement grants a non-owner the right to use a portion of the property for a specific purpose, such as access or utilities. Both can influence property transactions and may need to be resolved or acknowledged during the sale of the property. Additionally, they are recorded in public property records, informing potential buyers of existing claims or rights associated with the property.

What is a statutory lien?

A statutory lien is a legal claim against a property that arises automatically by law, rather than through a contractual agreement. It typically occurs when a party, such as a government entity or a creditor, has a right to secure payment for a debt or obligation owed to them. Common examples include tax liens and mechanic's liens, which ensure that the entity can recover funds through the property if necessary. Statutory liens take precedence over other claims against the property, often affecting its sale or transfer.

What does a lien on property tittle mean?

A lien on a property title is a legal claim that gives a creditor the right to take possession of the property if the owner fails to fulfill their obligations, typically related to debt repayment. This means that the property cannot be sold or refinanced without addressing the lien first. Liens can arise from various sources, including unpaid taxes, mortgages, or contractor fees. Once the debt is settled, the lien can be removed from the title.

Toyota motor credit corporation how you find lien?

To find a lien associated with a Toyota Motor Credit Corporation (TMCC) account, you can start by checking the vehicle's title, as it typically lists any liens against the vehicle. Additionally, you can contact TMCC directly to request lien information, providing them with necessary details such as the vehicle identification number (VIN) and your account information. Another option is to check your state's Department of Motor Vehicles (DMV) website or office, which may have lien information available in their records.

What is an example of a voluntary liens?

A common example of a voluntary lien is a mortgage. When a homeowner borrows money from a bank to purchase a property, they agree to give the lender a lien on the property as collateral for the loan. This means that if the homeowner fails to make payments, the lender has the right to foreclose on the property to recover the owed amount. Other examples include car loans and home equity lines of credit, where the borrower voluntarily secures the loan with the respective asset.

If your spouse is sued and loses can the court take jointly held assets to satisfy the judgment?

Yes, if your spouse is sued and loses, the court can take jointly held assets to satisfy the judgment. In many jurisdictions, jointly owned property can be considered part of the marital assets, which may be subject to claims by creditors. However, the specific laws may vary depending on the state or country, and it often depends on whether the debt is related to the spouse's individual actions or is considered a joint responsibility. It's advisable to consult a legal expert for guidance based on your particular situation.

What does there is no lien on a vehicle means?

When there is no lien on a vehicle, it means that the vehicle is owned outright by the owner and is not being used as collateral for a loan or debt. This indicates that there are no legal claims or financial obligations attached to the vehicle, making it free to sell or transfer without any encumbrances. Essentially, the owner has full rights to the vehicle without any creditors having a stake in it.

How do you put a lien on someone's house when they owe you money and where do i go to get paper work?

To put a lien on someone's house for unpaid debts, you typically need to file a legal document called a "lien" with your local government, usually at the county recorder's office or clerk's office where the property is located. The process generally involves obtaining the necessary forms, which can often be found online on your local government’s website or in-person at the office. You may also need to provide documentation of the debt and possibly go through a legal process to obtain a judgment. It's advisable to consult with a lawyer to ensure you follow the proper procedures and requirements.

How do you putt lien on house in surrey bc?

To put a lien on a house in Surrey, BC, you must file a document known as a "Certificate of Lien" with the Land Title and Survey Authority of British Columbia (LTSA). This document should include details such as the amount owed, the property description, and the lien claimant's information. It's advisable to consult with a legal professional to ensure compliance with local laws and procedures. Once filed, the lien will be registered against the property title, notifying potential buyers and lenders of the claim.

What does VSPER theory state?

VSEPR theory, or Valence Shell Electron Pair Repulsion theory, states that the geometry of a molecule is determined by the repulsion between electron pairs surrounding a central atom. According to this theory, electron pairs (both bonding and non-bonding) will arrange themselves as far apart as possible to minimize repulsion, resulting in specific molecular shapes. This helps predict the three-dimensional structure of molecules based on the number of electron pairs and their arrangement around the central atom.

Can child support liens be dismissed?

Yes, child support liens can be dismissed under certain circumstances, such as if the underlying child support obligation has been satisfied, if there is a valid legal reason for the dismissal, or if the custodial parent agrees to the dismissal. Additionally, a court may dismiss a lien if it finds it was improperly filed or if the non-custodial parent successfully contests its validity. It is advisable to consult a legal professional for guidance tailored to specific situations.

How far back can you file for homestead exemption?

In most states, you can file for homestead exemption for the current tax year, and in some cases, you may be able to apply for it retroactively for the previous year. However, the specific time limits and eligibility criteria vary by state and local jurisdiction. It's essential to check with your local tax assessor's office for the specific rules applicable to your area. Generally, filing as soon as possible is advisable to ensure you receive the full benefits.

How long is a HOA lien good for in SC?

In South Carolina, a homeowners association (HOA) lien is valid for a period of three years. This timeframe begins from the date the lien is recorded. If the debt remains unpaid, the HOA may take legal action to enforce the lien within that three-year period. If no action is taken, the lien may become unenforceable after this time.

What happens if you get a judgment against a general contractor who's business is incorporate and he doesn't pay?

If you obtain a judgment against a general contractor whose business is incorporated and they fail to pay, you may seek to enforce the judgment through various means, such as wage garnishment or bank levies, but your options may be limited since the corporation is a separate legal entity. You typically cannot pursue the owner's personal assets unless you can prove personal liability, such as fraud or failure to maintain corporate formalities. It's advisable to consult with a legal professional to explore your specific enforcement options and understand the implications of the contractor's corporate status.

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