Personal Lein on a vehicle


G

Genie

If there is a lien placed on a vehicle (by an individual for money owed for
work done) and the lien is placed only weeks before the bankruptcy is filed,
will this be invalidated?
 
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B

Brett Weiss

Generally no, but it depends on whether it could be considered a
preference. Review the details with your attorney.

--
Brett

*****************************************************************
* Personal Injury/Malpractice Bankruptcy *
* *
* BRETT WEISS, P.C. *
* Attorneys at Law *
* Maryland, D.C. and Federal Bars *
* (e-mail address removed) *
* http://www.erols.com/lawyer *
* *
* Small Business Estates & Estate Planning *
*****************************************************************

The Small Print: This response is for discussion purposes only.
It isn't meant to be legal advice and you shouldn't treat it as
such. If you want legal advice, speak with a local lawyer
familiar with your state's laws who can review *all* of the facts
and the law applicable to your situation.
*****************************************************************
 
G

Genie

Mr. Weiss,
Thanks for the response. I need a little more info please. I'll start by
giving you more info.
It is my brother that is contemplating bankruptcy. The money owed to me for
work done is real, but undocumented. It has occurred over the past 3-4
years as he was trying to start up a business. If I put a lien on a vehicle
now, what may the repercussions be? Will this be considered "preferential"
and thus be invalidated?
 
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B

Brett Weiss

You're probably OK, but again, you should speak with a local
bankruptcy attorney before anything is done.

--
Brett

*****************************************************************
* Personal Injury/Malpractice Bankruptcy *
* *
* BRETT WEISS, P.C. *
* Attorneys at Law *
* Maryland, D.C. and Federal Bars *
* (e-mail address removed) *
* http://www.erols.com/lawyer *
* *
* Small Business Estates & Estate Planning *
*****************************************************************

The Small Print: This response is for discussion purposes only.
It isn't meant to be legal advice and you shouldn't treat it as
such. If you want legal advice, speak with a local lawyer
familiar with your state's laws who can review *all* of the facts
and the law applicable to your situation.
*****************************************************************
 

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