Judgment Lien On Personal Property Without Administration In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-0025LTR
Format:
Word; 
Rich Text
Instant download

Description

The Judgment Lien on Personal Property Without Administration in Fairfax is a crucial legal form designed to establish a judgment lien against personal property owned by a debtor. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in debt collections or property enforcement. Key features of the form include the ability to enroll a judgment in different counties, making it versatile for tracking assets across regions. Users must fill in specific information such as the names of the debtor, the judgment details, and the county of enrollment. It's essential to adapt the document to fit the particular circumstances of each case, ensuring accuracy in representation. The form can also spark action by prompting further investigation into additional properties owned by the debtor. By clearly laying out the obligations of the involved parties, it provides a clear framework for enforcing debt recovery. Overall, this form is indispensable for legal professionals seeking to secure financial claims against personal property in a concise and efficient manner.

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FAQ

VA Code Ann. § 8.01-251(B). A judgment expires ten years from the date of entry.

How does a creditor go about getting a judgment lien in Virginia? To attach the lien, the creditor records the judgment on the county recorder's lien docket in any Virginia county where the debtor owns property now or may own property in the future.

The following kinds of personal property are exempt from debt collection and cannot be seized: Household goods, like furniture, clothing, and appliances. Medical equipment, such as a wheelchair. One television, one radio, one computer and one cell phone.

Property Liens and Seizure Exemptions: Virginia law protects portions of your property from liens and seizure, like your primary residence up to a certain equity value. Lien Enforcement: Creditors can enforce liens through various means, including foreclosure for real estate or public auctions for personal property.

If a judgment has been entered against you, there are a few options available to you. These include paying the judgment, appealing the case, or filing a motion to rehear. If you fail to act, a number of other actions initiated by the Judgment Creditor may occur.

Judgment Liens: State Va. Code §8.01-458 and 8.01-251 Expire 20 years from date entered, and may be renewed for an additional 20 years If real estate has been conveyed to a BFP, the lien is unenforceable 10 years after date of transfer. Known as “10 year out of title” rule.

Judgment Liens: State Va. Code §8.01-458 and 8.01-251 Expire 20 years from date entered, and may be renewed for an additional 20 years If real estate has been conveyed to a BFP, the lien is unenforceable 10 years after date of transfer. Known as “10 year out of title” rule.

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Judgment Lien On Personal Property Without Administration In Fairfax