Am I at Risk for a Judgment Lien in New Jersey?
A creditor who wins a collection lawsuit can obtain a judgment lien on any real property the debtor owns or will own in the future. The judgment lien enables the creditor to seize that property in satisfaction of the judgment. A New Jersey judgment lien is in effect for 20 years and can be renewed for another 20 years.
If you own real estate in New Jersey and you are being sued by a creditor or being threatened with a collection lawsuit, any property you own could be seized. Before it reaches that point, you should speak with an experienced debt relief lawyer.
Dedicated New Jersey Bankruptcy Attorney
Oliver & Legg, with offices in Neptune and Toms River, is a law firm focusing exclusively on the practice of debt relief. For more than 35 years, we have been helping people in New Jersey keep their property and obtain debt relief through the bankruptcy system and nonbankruptcy solutions. In a free consultation, we can review your situation and explain how our law firm can help you.
It is important to remember that a judgment lien in New Jersey applies to any real estate the debtor owns or will own in the future, including property acquired through inheritance.
Avoiding A Judgment Lien in New Jersey
One of the best ways of avoiding a judgment lien is to file bankruptcy before the judgment is handed down. This places an automatic stay on any collection actions. When the property in question is the debtor’s residence, the homestead exemption can protect a portion of that equity. However, if the amount of the judgment exceeds the homestead exemption, you could still have a lien placed on your property. While this can complicate the situation, there may be measures we can take that can protect your property.
Oliver & Legg has helped thousands of people obtain debt relief while keeping their property through Chapter 7 and Chapter 13 bankruptcy proceedings. Put our experience to work for you.
Free Consultation — Contact Our Firm
For a free consultation with an experienced New Jersey judgment lien lawyer, contact Oliver & Legg. We serve clients in Monmouth County, Ocean County and elsewhere in central New Jersey.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.