Fairness in Debt

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January 1, 1 6 min read Definitions

Equitable Lien Legal Security Creditor Rights Debtor's Obligation Property Lien Court-Ordered Liens Real Estate Law Fairness in Debt

An equitable lien is a legal interest granted to a creditor over a debtor's property as security for the debtor's obligation. Unlike a statutory lien, an equitable lien is created by the courts to achieve fairness, often in the absence of a formal written agreement.