Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What if a lien has been filed against a debtors assets?

assets debtor filed lien
0
Posted

What if a lien has been filed against a debtors assets?

0

A debtor may avoid the fixing of a lien which impairs an exemption if the lien is: 1. a judicial lien (except arising from alimony or child support); or 2. a non-possessory, non-purchase money security interest in: (a) household furnishings, household goods, wearing apparel, appliances, books, animals, crops, musical instruments or jewelry held primarily for the personal, family, or house hold use of the debtor or dependent of the debtor; (b) implements, professional books or tools of the trade of the debtor or of the trade of a dependent of the debtor; or (c) professionally prescribed health aids for the debtor or a dependent of the debtor.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123