A lien is a security interest held by a creditor that enables the creditor to take an ownership interest in a debtor’s property in the event of unpaid debt. For example, a mechanic’s lien provides construction companies and other contractors who improved real or personal property with ownership rights in the improved property if labor costs are not paid.
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Contact our office to schedule an appointment to speak with us. You can reach us by using ouronline form. We can also be reached by phone at (952) 388-2942 or toll free at (800) 619-8991. Our attorneys can help you to decide whether bankruptcy is right for you and, if so, which type makes the most sense for your particular circumstances. Different types of bankruptcy have different eligibility requirements, and so it is very important that you consult with an attorney prior to planning any bankruptcy-related action.