Home
Flashcards
Preview
Equity
Home
Get App
Take Quiz
Create
How long do you have to enforce a judgment lien?
20 years
Exceptions:
1. land--> 10 years
2. Decedent --> 2 years
Confession of Judgment
Statutory device where a debtor may waive notice and hearing for failure to pay an obligation.
Process to contest it:
D must petition court w/in 21 days of notice of judgment against him to set aside the judgment.
Lis Pendens
"Before the suit"
Effect--> is to establish the priority of any judgment lien ultimately rendered in the underlying case.
The judgment will relate back to the time the lis pendens was filed.
Author
Avkitty
ID
258214
Card Set
Equity
Description
VA BAR Equity
Updated
1/24/2014, 8:26:07 PM
Show Answers
Home
Flashcards
Preview