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If you’ve had trouble getting payment from a debtor, even after retaining the services of a debt collection agency or debt collection attorney, you may be able to place a lien on your debtor’s real property. Of course, getting a lien can be time consuming and different states have different laws regarding the placement of liens. But a lien does provide real collateral and real motivation for your debtor to pay his or her debts, as a lienee (the one who filed the lien) may have the right to take possession of the property the lien was placed on if the debt is not paid.. ?, M7 V0 `" C) w$ ~! M
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For the purposes of most debt collection scenarios, the appropriate lien would be a Mechanic’s Lien or a Judgement Lien.
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