Michigan Default Judgment And Order to Seize Property
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How to fill out Michigan Default Judgment And Order To Seize Property?
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FAQ
In every state, a judgment lien can be attached to the debtor's real estate -- meaning a house, condo, land, or similar kind of property interest. And some states also allow judgment liens on the debtor's personal property -- things like jewelry, art, antiques, and other valuables.
All states have designated certain types of property as exempt, or free from seizure, by judgment creditors. For example, clothing, basic household furnishings, your house, and your car are commonly exempt, as long as they're not worth too much.
Usually, creditors are only interested in your personal belongings if you have something that is worth a lot of money. The law protects many items up to a certain amount of money. If an item is worth less than the protected amount, the creditor cannot take the item to satisfy the debt.
In Michigan, a mechanics lien, called a Claim of Lien, must be filed with the Register of Deeds within 90 days after the lien claimant last furnished labor or materials to the project.
In a Nutshell Judgment creditors are empowered to seize the personal property of judgment debtors if their property doesn't fall within an exemption. Generally, creditors will not take your personal property because the cost and time of locating the property is usually not worth it to them.
In Michigan, a mechanics lien, called a Claim of Lien, must be filed with the Register of Deeds within 90 days after the lien claimant last furnished labor or materials to the project.
A creditor cannot take all of your property. Up to $1,000 worth of certain personal property may be exempt from seizure.
First, you can ask the court to set aside the default judgment and give you an opportunity to contest it. Next, you can settle the debt with the debt buyer for an amount less than what the default judgment is for. And finally you can eliminate the default judgment completely by filing for bankruptcy.
Judgment liens may be filed with the court and recorded with the register of deeds by an attorney or the judgment creditor. An Order for Seizure of Property may be issued by the court clerk 21 days after entry of a judgment. It is also known as a writ of execution and is authorized pursuant to MCL 600.6004.