A statutory lien is enforceable only to items which the lien is legally attached. Statutes may allow the lienholder to foreclose the lien judicially and sell the property if the owner fails to pay the debt. However, the lienholder must give proper notice to the owner prior to foreclosure and sale. Proceeds from the judicial…

Originally posted 2018-07-23 23:19:28.

  A lien is a legal claim on property, either real or persona, as security for payment or performance of a debt or obligation. There are different type of liens.  The level of severity for each lien is judged by the order of their acquisition. However, the Government has the power to establish the overall…

Originally posted 2018-07-23 23:17:20.

The California utility’s bankruptcy filing sets up a complicated legal case that could raise electricity rates and hurt power suppliers while generating hundreds of millions in lawyers’ fees.Pacific Gas and Electric’s bankruptcy filing sets up a complicated legal case. Some investors who own the company’s stock have argued that the utility does not need bankruptcy…

Originally posted 2019-01-30 19:15:32.

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