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Webinar: Obtaining & Securing Judgment Liens

 

 

Wednesday, November 12, 2014

2:00 - 3:30 pm CST

 

Speaker: Elizabeth Fast, Spencer Fane Britt & Browne, LLP

 

About the Program

A judgment lien allows your credit union to force a sale of the debtor’s property in certain situations and to apply the sale proceeds to pay the debt owed to your credit union. A judgment lien can be an effective collection tool whether your loan is unsecured or was secured but there is a deficiency. To obtain a judgment lien, your credit union must first obtain a judgment against your debtor by filing a legal proceeding in court, which will require engaging an attorney. Once a judgment is issued by the court, your credit union must attach its judgment to the debtor’s property. However, some of the debtor’s property is exempt from attachment. Before any of the attached property can be sold, your credit union must receive authorization from the court. This webinar will explain the legal process involved in obtaining, securing, and foreclosing judgment liens.

HIGHLIGHTS

  • Differences between UCC and judgment liens
  • How to obtain a judgment lien
  • How to attach the debtor’s property by a judgment lien
  • How to foreclose on the attached property
  • Property that is exempt from a judgment lien
  • How bankruptcy can defeat a judgment lien


Related Files
Printable Brochure (Adobe PDF File)

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