Judgment Lien On Personal Property Without Administration In Wake

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

Description

The Judgment Lien on Personal Property without Administration in Wake is a legal form that establishes a lien on all personal property owned by a debtor following a court judgment. This form is essential for ensuring that creditors can secure their interests in a debtor's assets, allowing them to pursue collection actions if necessary. The document requires specific details such as the names of the parties involved and the date the judgment was enrolled. Filling out the form involves clearly entering the pertinent information and ensuring that it is filed in the appropriate jurisdiction. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in debt collection or enforcement of judgments. It helps users identify any additional counties where the debtor may own property, facilitating broader asset recovery efforts. Users should ensure accuracy in the information provided and verify the filing requirements for their specific locality.

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FAQ

A lien can be placed on your property without your immediate knowledge. Typically, when someone places a lien on your property, they are required to notify you. However, communication delays can prevent you from being informed right away, especially if your mailing address is outdated.

The answer to your question is generally no. If someone wants to put a lien on the property, they must get the court's approval to do so. For example if it is a contractor, then they must advise the owner of their intent to place a lien on a home.

Disposition of Personal Property Without Administration is a streamlined process to simplify the handling of a deceased person's estate when the value of their assets falls below a certain threshold. It allows bypassing the court supervision of probate.

RHODE ISLAND A lien executed against real property is deemed discharged after twenty years from the date of the judgment. R.I. Gen. Laws § 9-26-33.

Liens are a matter of public record, so it's simple to find out if there's one on your property, or on anyone else's property for that matter. In most states, you can typically conduct a property lien search by address with the county recorder, clerk, or assessor's office online.

A common example of an involuntary lien is a tax lien. A tax lien is issued by the government when taxes are owed. If you avoid paying income taxes or property taxes on your home, the Internal Revenue Service (IRS) will file an involuntary lien to alert creditors that they have a right to your property.

In Florida, assets that are held in a living trust pass to beneficiaries without probate court proceedings. These trusts must be created before your death, and all assets—including real estate, antiques, vehicles, and so on — must be transferred into the trust under the terms of the trust document.

An involuntary lien can occur without your knowledge, depending on the circumstances. A creditor often places a judgment lien after suing you and winning the case.

(2) The property is liable for obligations of both spouses and a judgment lien against both spouses upon a joint obligation attaches to the property which may be sold under execution to satisfy the judgment.

File a certified copy of your judgment in the real estate records of the county in which the property is located. The lien is in effect for 10 years, and it can be renewed for an additional ten years.

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Judgment Lien On Personal Property Without Administration In Wake