Liens in Long Island New York
A lien is an interest in property that secures a debt owed by the property owner to the holder of the lien. There are many types of liens, but the most common are consensual liens and judicial liens. Consensual liens, also known as security interests, are those created by contract, such as mortgages on real property or financing liens on vehicles. In New York, judicial liens, commonly known as judgment liens, are created when a judgment is entered against a debtor that owns real property. As your New York Lien Law Attorney, we can help you!
Liens generally survive a debtor’s bankruptcy. That is, the debtor’s personal obligation to pay the debt is discharged, while the lien continues to attach to the debtor’s property. However, some liens can be voided in bankruptcy.
New York Lien Law Attorney
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