Judgement Lien Example In Travis
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A state income tax lien is an example of a general lien because it can attach to all property of the debtor. In contrast, mortgage liens, real estate tax liens, and mechanic's liens are specific to certain assets.
A judgment lien is a “debt-repayment security for one or more creditors when a court order places a claim on a debtor's property situated within the court's jurisdiction.” (Black's Law Dictionary, 11th ed.) The resources listed below are not exhaustive and may not include the most up-to-date information.
Generally, to file a judgment lien, an abstract of judgment must be issued by the justice court. Some justice courts have a form available on their website to request an abstract of judgment.
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.
You can file your mechanics liens with the Travis County Clerk's Recording Division by postal mail, by courier, or in person. The County Clerk also accepts electronic filings of documents from an authorized eRecording submitter.
You will not go to jail for having a judgment against you.
Do judgments expire in Texas? Judgments awarded in Texas to a non-government creditor are generally valid for ten years but can be renewed for longer. If a judgment is not renewed, it will become dormant.
You are judgment proof if: You do not own anything of great value aside from exempt property like your homestead, a vehicle, household items and tools of your trade. Your income is from a protected (exempt) source.
Requesting a Writ of Execution Another way a creditor may try to collect their judgment is through a writ of execution. A writ of execution allow the debtor's non-exempt property to be seized and sold. The proceeds from the sale go to the debt owed to the creditor.
