This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Lien On Personal Property Without Paying For It In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Using Trusts to Shield Assets A really good way to put assets out of the reach of a civil judgment is to put them inside a legally constructed asset protection trust, notably an offshore trust. Moving assets out of direct ownership and into a trust works wonderfully to protect those assets from creditor claims.
Pennsylvania judgments are valid for 5 years. Judgments can be revived every 5 years and should be revived if a creditor is attempting to actively collect on the debt. Judgments also act as a lien against real property for up to 20 years or longer if properly revived.
Using Trusts to Shield Assets A really good way to put assets out of the reach of a civil judgment is to put them inside a legally constructed asset protection trust, notably an offshore trust. Moving assets out of direct ownership and into a trust works wonderfully to protect those assets from creditor claims.
In Pennsylvania, lien searches can be conducted by reviewing public records maintained by relevant government agencies, including local Prothonotary Offices or Pennsylvania Recorder of Deeds Offices.
In order to perfect your lien claim, it must be filed in the prothonotary's office of the county court where the property is physically located. A “prothonotary” is just an old-school term for the chief clerk of the court. If the property is located in more than one county, then the claim should be filed in both.
Pennsylvania judgments are valid for 5 years. Judgments can be revived every 5 years and should be revived if a creditor is attempting to actively collect on the debt. Judgments also act as a lien against real property for up to 20 years or longer if properly revived.
Here are four ways to avoid paying a judgment: 1) Use asset protection tools such as an asset protection trust, 2) use legal exemptions, 3) negotiate with the creditor, 4) file for bankruptcy.
Pennsylvania exempts from execution on judgment on a contract all wearing apparel of the debtor and his family, bibles and school books in use in the family, as well as $300 worth of any property owned or in pos- session of the debtor.
More info
A judgment lien can be attached to the debtor's real estate -- meaning a house, condo, land, or similar kind of property interest. Many judgment debtors go to great lengths to avoid paying.Here are some tips on how to collect a judgment. Step 1 to collect a judgment in Pennsylvania is to file and record the judgment in each and every county where the debtor resides or owns real property. Having a lien means that the Debtor can't sell the property without paying the Creditor. See below for answers to common questions about debt and judgment collection and how to protect yourself from aggressive debt collectors. Did you win a judgement but the debtor refuses to pay? What are your options on how to collect your Pennsylvania judgement? No personal checks will be accepted. They must be done if Sheriff's Office does not make personal service.
