Judgment Lien On Personal Property For Probate In Fulton
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In Georgia, a judgment lien can be attached to the debtor's real estate -- meaning a house, condo, land, or similar kind of property interest -- or to the debtor's personal property -- things like jewelry, art, antiques, and other valuables.
In a Nutshell This court order allows them to collect on the debt by seizing your real or personal property (or putting a lien on it), garnishing your wages, or levying your bank account. Personal property includes everything from household goods to vehicles. Real property includes things like your home or land.
A lien claim is a debt collection order that can impact the value of an estate when become effective. Probate review of creditor attachment to an estate, can sometimes result in judgment lien which is the court ordered sale of personal and real property.
Creditors cannot take your home in Georgia, but they can place a judgment lien on it.
A lien claim is a debt collection order that can impact the value of an estate when become effective. Probate review of creditor attachment to an estate, can sometimes result in judgment lien which is the court ordered sale of personal and real property.
The short answer is yes, creditors can place a lien on a life estate. But it mostly depends on whose debt is in question. And it's important to know that the lien usually only affects the part of the property tied to the person in debt.
