Lien Middlesex NJ

In law, a lien (UK: /ˈliːən/; US: /ˈliːn/) is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grants the lien, is referred to as the lienor and the person who has the benefit of the lien is referred to as the lienee.

The etymological root is Anglo-French lien, loyen "bond", "restraint", from Latin ligamen, from ligare "to bind".

In the United States, the term lien generally refers to a wide range of encumbrances and would include other forms of mortgage or charge. In the USA, a lien characteristically refers to non-possessory security interests (see generally: Security interest—categories).

In other common-law countries, the term lien refers to a very specific type of security interest, being a passive right to retain (but not sell) property until the debt or other obligation is discharged. In contrast to the usage of the term in the USA, in other countries it refers to a purely possessory form of security interest; indeed, when possession of the property is lost, the lien is released.However, common-law countries also recognize a slightly anomalous form of security interest called an "equitable lien" which arises in certain rare instances.

Despite their differences in terminology and application, there are a number of similarities between liens in the USA and elsewhere in the common-law world.

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Matthew A. Wallace graduated with a  Bachelor of Arts degree in Political Science and with a minor in Economics from Monmouth University in West Long Branch, New Jersey and was granted a Presidential Scholarship to attend Seton Hall University School of Law.

Mr. Wallace earned a Juris Doctorate degree from Seton Hall University School of Law. Mr. Wallace is admitted to practice in the State of New Jersey and in the New Jersey Federal District. He is a member of the New Jersey and Monmouth County Bar Associations.

Matthew A. Wallace Attorney at Law proudly provides legal advice and representation in law, court, legal aid, bankruptcy, chapter 7, chapter 13, divorce, alimony, debt, credit cards, discharge, personal injury, wrongful death, unemployment, judgments, liens, wage garnishment, and more for residents of eatontown, ocean township, middletown, neptune, point pleasant, toms river, old bridge, east brunswick, sayreville, carteret, edison, woodbridge, perth amboy, piscataway, monmouth county, ocean county, middlesex county, New Jersey.

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