avoidance of lien

avoidance of lien
Liens may, in some circumstances, be released or avoided by the court. Generally, liens may be avoided that are (1) preferential, (2) unsupported by value after prior liens, or (3) interfering with an individual debtor's exemptions.
also see avoidance powers, lien (Bernstein's Dictionary of Bankruptcy Terminology)

United Glossary of Bankruptcy Terms 2012.

avoidance of lien
Liens may, in some circumstances, be released or avoided by the court. Generally, liens may be avoided that are (1) preferential, (2) unsupported by value after prior liens, or (3) interfering with an individual debtor’s exemptions. also see Avoidance Powers, Lien

US Bankruptcy 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

  • avoidance powers — Rights given to the bankruptcy trustee or the debtor in possession to recover certain transfers of property such as preferences or fraudulent transfers or to void liens created before the commencement of a bankruptcy case (SA Bankruptcy.com)… …   Glossary of Bankruptcy

  • lien — a charge upon a specific property designed to secure payment of a debt or performance of an obligation (Glossary of Common Bankruptcy Terms) A charge against or interest in property to secure payment of a debt or performance of an obligation. A… …   Glossary of Bankruptcy

  • Lien (disambiguation) — Lien may refer to:In law:* Lien, the broadest term for any sort of charge or encumbrance against an item of property that secures the payment of a debt * Lien avoidance, action taken to clear title to land from a judgment lien arising out of pre… …   Wikipedia

  • avoidance — The Bankruptcy Code permits the debtor to eliminate (avoid) some kinds of liens that interfere with (or impair) an exemption claimed in the bankruptcy. Most judgment liens that have attached to the debtor s home can be avoided if the total of the …   Glossary of Bankruptcy

  • Lien avoidance — In bankruptcy the debtor, by way of a Motion to Avoid Lien , can avoid certain liens that attached to the debtor s exempt property prior to the filing of the bankruptcy petition. This action is often used to clear title to land from a judgment… …   Wikipedia

  • judicial lien — One obtained by judgment, levy, sequestration, or other legal or equitable process or proceeding. Within meaning of Bankruptcy Code lien avoidance section, is charge against or interest in property to secure payment of debt, obtained by judgment… …   Black's law dictionary

  • Bankruptcy in the United States — The United States Constitution (Article 1, Section 8, Clause 4) authorizes Congress to enact uniform Laws on the subject of Bankruptcies throughout the United States. Congress has exercised this authority several times since 1801, most recently… …   Wikipedia

  • Tax noncompliance — Taxation An aspect of fiscal policy …   Wikipedia

  • Face (sociological concept) — Face, idiomatically meaning dignity/prestige, is a fundamental concept in the fields of sociology, sociolinguistics, semantics, politeness theory, psychology, political science, communication, and Face Negotiation Theory. Contents 1 Definitions 2 …   Wikipedia

  • Wim Crusio — Wim E. Crusio Naissance 20 décembre 1954 Bergen op Zoom (Pays Bas) Domicile Pessac, France Nationalité néerlandaise Champs …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.