Judgement Liens
Almonacy Law Firm
Judgement Liens
How long does a creditor have to collect on a judgement lien?
What does a judgement mean in New Jersey?
Judgements occur when a plaintiff is in a money lawsuit and is successful in their claim. The court will award the plaintiff a certain amount of money, and a judgement against the defendant will give creditors the legal authority to collect this money.
Almonacy Law can help you get the money that has been awarded to you in a lawsuit. Just because you may have won the lawsuit or court case does not mean the money will automatically come to you. If the person or company that owes you the money does not pay, a judgment lien is one way to ensure the creditor that the monies due will be paid.
What kind of property is subject to a judgement lien in New Jersey?
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. Some states also allow judgment liens on the debtor’s personal property — things like jewelry, art, antiques, and other valuables.
In New Jersey, a judgment lien can be attached to real estate only (not personal property).
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