A judgment lien allows a creditor to collect a judgment through the sale of the debtor's real estate. In Illinois, a judgment lien can be attached to real estate only, not to personal property.How does a creditor go about getting a judgment lien in Illinois? To secure a judgment lien against real property, the creditor usually gets an Abstract of Judgment from the issuing court. A judgment lien enables a creditor to compel the selling of a debtor's property. The proceeds from the property sale are then used to satisfy the judgment. If we file a lien on your real estate or personal property, in most cases you cannot sell or transfer your property until you pay your past-due amount. First, you have to weigh the amount of your judgment against the costs you will incur to place a judgment lien on the property. Notice shall be made in the manner described in Supreme Court Rule 105(b). Once you have the judgment, you may need to record it in the county where the debtor owns property.

Judgment Lien On Personal Property Without Paying For It In Chicago

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