Is a lien on a property considered payment of the debt?
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Is a lien on a property considered payment of the debt?
My tenants sued me and won and so put a lien on my property. Yet are still demanding that I show up in the court and present my assets and income. Can they do it or has the judgement been satisfied by the lien?
Asked on July 3, 2012 under Bankruptcy Law, California
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
No it is not. A lien is a for of execution on a judgement. Some times after a judgement a party can do a separate proceeding to find out the assets of the debtor to see what they can levy to collect on the judgement. If they collect from say a bank account or wages through garnishment they can not also place a lien on the property (or they can but they have to remove the oien should they collect and be paid in another way). I think seeking legal help is a good idea now. Good luck.
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