Over the years, education loans, medical bills, and mortgage repayments can soon pile up, which can leave you saddled with debt. So to help you avoid making basic errors when dealing with insurmountable debt, Sam Calvert, Attorney at Law, has put together a list of the most common mistakes people make when in debt.
Common Mistakes People Make When In Debt
Judge Michael Ridgway recently issued an opinion that summarizes how to "avoid" judgment liens in bankruptcy. The case is In re Mus, case number 17-42895.
A little background: Most real estate in Greater Minnesota is "abstract property". In Hennepin and Ramsey much of the land is "Registered property", a/k/a "Torrens property". For this post I will ignore Torrens property. When a judgment is entered and docketed in District Court, the judgment becomes a lien on all abstract property in that county. The lien does not "attach" to property which is homestead property under state law; however, there is no way to determine if a piece of land is homestead or non-homestead. So, practically, a judgment is an apparent lien on any real estate you may…
Season’s Greetings from Sam Calvert, Attorney at Law
Sam Calvert, Attorney at Law wishes you and your family a wonderful Holiday Season, and a happy, healthy, and peaceful New Year 2019!
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