September 8, 2011

Judgment liens.

Practice point: Judgment liens and other secured interests ordinarily survive bankruptcy.

Student note:  A creditor need not object to the debtor's discharge in bankruptcy in order to preserve its lien, since the discharge does not affect the lien.

Nelson, L.P. v. Jannace, NY Slip Op 06373 (2d Dept. 2011).


Tomorrow: Unconscionable contracts.