What Is a ‘Statutory Lien’ in New York Bankruptcy?
A lien is a legal claim by one person over the property of another. “Statutory liens” are a specific subset of liens; they arise by force of (you guessed it) statute when certain circumstances or conditions are met. One of the most common examples is a tax lien. Whenever people don’t pay their taxes, the …
What Is a ‘Statutory Lien’ in New York Bankruptcy? Read More »
