How does a lien arise?
How does a lien arise? They arise when a party has obtained and retained lawful possession of an asset until the relevant debt is repaid. Common law liens are further classified into: A particular lien where a creditor retains possession of the debtor’s property until the debt relating to that property is repaid; or.
They arise when a party has obtained and retained lawful possession of an asset until the relevant debt is repaid. Common law liens are further classified into: A particular lien where a creditor retains possession of the debtor’s property until the debt relating to that property is repaid; or.