Some creditors have special rights to collect debts in the form of liens. Liens may come up in various ways including judgment liens obtained as a result of court proceedings. Creditors commonly seek to create a lien on a debtor's property through a judicial process of lien creation, which is governed by state law. Once a lien has been created state law governs how the lien is executed against the debtor's property. A debtor may provide a creditor with a lien on personal property in order to obtain a loan form the creditor, such as a car loan. When taxes are not paid, the government will have a lien. A mechanic who works on real property will have a mechanics lien whereby the mechanic may retain the property until payment is made for the work. The lien may give the creditor priority over other creditors attempting to collect from the same debtor. A lien on property may give the creditor the right to foreclose by selling the debtor's property to pay off the debt.

Collections-Creditors Rights Sub-categories

Chex Systems Collections Creditor Remedies in Bankruptcy Debt Collections Enforcement of Judgments Fair Credit Reporting Act

Fair Debt Collection Practices Act Identity Theft Judicial Remedies Mortgage Foreclosure Non-Judicial Remedies Types of Creditors