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Thoughts from a Maryland Bankruptcy Attorney
http://www.drescherlaw.com

A lien is nothing more than a property interest that secures a debt. A statutory lien is a lien that is created by law or statute, usually in favor of a taxing authority, like the state or the IRS. A statutory lien in proceeds from a personal injury lawsuit or settlement could also arise in favor of a state that pays for medical care. The most important thing to keep in mind about a lien is that it relates to a specific piece of property.

Thoughts from a Maryland Bankruptcy Lawyer

Ronald J. Drescher
Drescher & Associates, P.A
4 Reservoir Circle
Suite 107
Baltimore, MD 21208
(410) 484-9000
Fax (410) 484-8120
[email protected]
http://www.Drescherlaw.com

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Practicing in Maryland, Delaware, Virginia, Pennsylvania