24 Hour Toll Free Help

Non Consensual Secured Debts


Non Consensual Secured Debts

If this occurs the creditor may have the right to sell the property to recover the amount they are owed. Most creditors who have a non consensual lien on an asset prefer to wait until the property is sold to receive payment. Non consensual liens can include:

  • Tax Liens - Tax liens can be from local, state or federal taxes which can be enforced if an individual does not pay their federal, state or local tax bill. IRS tax debt is secured by placing a lien against the property or filing notice of an IRS federal tax lien.
  • Judicial Liens - Judicial liens are placed on property if another individual sues the debtor and the court awards a judgment. The county or state records the lien against the property creating a judicial lien.
  • Statutory Lien - Statutory liens can be created by the law automatically if an individual fails to submit payment to a contractor, supplier, mechanic (mechanic's lien) who has permanently improved or repaired their personal property. Statutory liens can also exist if a homeowner fails to pay Home Owner's Association dues.

More Help on Non Consensual Secured Debts

  • Creditor - Creditors can include businesses, individuals, organizations or the United State\'s government who is owed money for services or products provided to a second party in return for payment. - read more

  • Debtor - A debtor is an entity or person who owes a debt or a service to another person or entity which can also be called a Creditor. - read more

  • Lien - A Lien puts a hold on real or personal property and allows the property to be held as collateral for debt payments or services which are owed to another lender. - read more

Find Other Articles

Chapter 7 and Chapter 13 Bankruptcy Help

The two most common consumer bankruptcies are Chapter 7 and Chapter 13, our sponsoring lawyers handle these types exclusively so you can be sure you are getting accurate legal advice when you file bankruptcy. Our Bankruptcy attorneys will fight to protect your rights and your property, fight the aggressive and annoying creditors for you, and they can help you keep your home, vehicles and other property.

A lawyer will be committed to getting you debt relief and providing you with valuable information, services and advice to get you a better financial future. There are many convenient locations to make filing bankruptcy or learning about the alternatives we offer, even easier.

Get Help Now

Recent Bankruptcy Articles

  • Home Equity and Bankruptcy
    If you have equity on your house, then it is possible to use that equity in order to pay off your Chapter 13 bankruptcy at a much faster pace.
    - read more

  • Fair Credit Reporting Act
    The primary purpose of the Fair Credit Reporting Act is to ensure fairness and accuracy of credit reporting, and that the procedures followed are reasonable.
    - read more

  • Most Common Reasons for Bankruptcy
    A list of ten most common reasons people usually file for bankruptcy, including harassment from creditors and to end wage garnishments.
    - read more

  • Student Loans and Bankruptcy
    According to new changes, your student loan will only be discharged if the bankruptcy court is convinced that paying back the loan would bring about undue hardships for you or the people who are dependent on you.
    - read more