judgment lien


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judgment lien

A charge against property of a judgment debtor (one against whom a judgment has been rendered by a court and who has not paid it) to secure payment of the judgment; may arise automatically in some states by operation
References in periodicals archive ?
23) It is all of those state law rights and remedies that are now held under [section] 544(a) by, as we have defined the term, Judgment Lien Creditors.
Judgment liens are basically "first in time" liens, as are tax liens, which certainly does not seem like it would be complicated.
As discussed earlier, under prior case law the judgment creditor was required to serve all judgment debtors in a revival action and not merely those with interests in property subject to a judgment lien, (31) except for legal representatives of deceased defendants or dissolved legal entities.
It cannot be ignored that almost any judgment lien of a creditor clouds the title.
4th DCA 2006), the judgment lien in question, either 1) did not previously exist because a certified copy of the judgment was not properly recorded, or 2) the judgment lien had expired, not having been re-recorded prior to expiration.
205(1)), gives the holder of a judgment lien the right to proceed "through writ of execution, garnishment, or other judicial process," it does not state that the judgment creditor may not so proceed without the judgment lien.
A judgment lien certificate is prepared on a form to be mandated by the Florida Department of State which includes the following information:
As most of us know, there is a difference between a retaining lien, a charging lien, and a judgment lien.
This means that upon the bankruptcy filing, a debtor, or a creditors' committee in Chapter 11), may act as a hypothetical judgment lien creditor with the ability to unseat prior, unperfected liens.
The Florida Legislature in the 2000 Legislative Session established a centralized system for perfecting and prioritizing judgment liens on personal property by filing of a judgment lien certificate with the Department of State, to be maintained in a statewide database accessible online.
Any mortgage or judgment lien recorded after work began on the property will be inferior to the mechanic's lien.
7] A judgment creditor can impose a judgment lien upon personal property located in a county by delivering an execution to the sheriff of that county.