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Simple English definitions for legal terms

rule of marshaling liens

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A quick definition of rule of marshaling liens:

The rule of marshaling liens, also known as the inverse-order-of-alienation doctrine, is a principle that allows a creditor to collect on a mortgage or lien on a property sold off in successive parcels. The creditor can collect first from the parcel still held by the original owner, then from the parcel sold last, then next to last, and so on until the amount owed has been satisfied. This rule helps ensure that creditors are able to collect what they are owed, even if the property has been sold off in parts.

A more thorough explanation:

Definition: The rule of marshaling liens, also known as the inverse-order-of-alienation doctrine, is a principle that allows a creditor to collect on a mortgage or lien on a property sold off in successive parcels. The creditor can collect first from the parcel still held by the original owner, then from the parcel sold last, then next to last, and so on until the amount has been satisfied.

Example: Let's say John owns a property with three parcels, A, B, and C. He takes out a mortgage on the entire property but later sells parcel A to Sarah and parcel B to Tom. John defaults on the mortgage, and the creditor wants to collect the outstanding amount. According to the rule of marshaling liens, the creditor can first collect from parcel C, which is still held by John, then from parcel B, which was sold last, and finally from parcel A, which was sold first.

This example illustrates how the rule of marshaling liens works in practice. It allows the creditor to collect the outstanding amount in a specific order, which is fair to all parties involved.

rule of marshaling assets | rule of marshaling remedies

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to help y'all stay hopeful: my highest PT was 159 and I got a 164 my first time
hopecore: the last PT i took before my second lsat was my lowest score ever (155), and i scored a 167 on the test two weeks later
AngryMiniCar
11:49
IT'S CALLED LOCKING IN
AngryMiniCar
11:49
Ya'll got this
AngryMiniCar
11:50
You locked in at the actual test and that's what matters
exactly. but also, I was so convinced for a long time that I was bad at that LSAT, that for the last two weeks before my 2nd one, I just chilled out, literally meditated and did pottery and hung out with friends. you just gotta take a big deep breath and chill. ur anxiety is a boon not an aid
if you keep telling yourself you're bad at the LSAT, you'll have results that indicate you are bad at the LSAT. i'm not preaching that I'm good at the LSAT either, but I had to remind myself that I was good enough to get a score I would be happy with
locking in on test day is real. I took it in a testing center and was in the zone
im becoming dk bc im posting random yt links
AngryMiniCar
12:01
I agree with Jupitersmoon. If you've gotten this far you definitely have it in you to score well. Don't doubt those abilities that got you to this point !!
AngryMiniCar
12:26
Anyone watch the democratic primaries for NYC mayoral election?
I'm realizing more and more as I draft various personal statements that what I'm really looking for subconsciously is some magic words that enchant whoever reads them into giving me an acceptance. A standard I will never achieve.
Some sense of, "But if they really knew me, and felt what I felt, and understood me fully--they couldn't say no"
12:32
so many nyu wl -> a in the reddit.........alexa play that should be me
nyu rlly bussin it open
12:45
They fumbled me
12:46
If I was nyu i would be thinking for the rest of my life about how bad I fumbled esoterica from lsd
AngryMiniCar
12:49
If I was nyu I'd also be thinking for the rest of my existence about how bad I fumbled on esoterica
AngryMiniCar
12:49
@esoterica: pro bono supremacy
glad im not nyu
im nyme
12:54
hey husband
hi
IM NsYde of U
12:56
wow
12:56
I don’t even think you are because I’m at work right now
open up
im there
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