Judgment Lien: Definition, Examples, Vs. Property Lien
A judgment lien is a court ruling that allows a creditor to take possession of a debtor's property if they fail to fulfill their obligations. These liens can be attached to personal and real property, and debtors can potentially avoid them through repayment or bankruptcy. Unlike property liens, judgment liens are imposed without the debtor's consent, and they are intended to force debtors to pay off their creditors.
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