Introduced
by
To allow a creditor given a “judgment lien” on a property owned by a bankrupt debtor to foreclose on the property after it has been sold to a new owner (that is, to force the sale of the property by the new owner). Under current law, a “judgment creditor” is entitled to payment when the “judgment debtor” sells the property, but if the amount owed is not collected the creditor can’t force foreclosure on the new owner.
Referred to the Committee on Judiciary
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 38 to 0 (details)
To allow a creditor given a “judgment lien” on a property owned by a bankrupt debtor to foreclose on the property after it has been sold to a new owner (that is, to force the sale of the property by the new owner) if the previous owner failed to pay the amount due. Under current law, a “judgment creditor” is entitled to payment when the “judgment debtor” sells the property, but if the amount owed is not collected the creditor can’t force foreclosure on the new owner.
Referred to the Committee on Judiciary
Reported without amendment
With the recommendation that the amendment be adopted and that the bill then pass.
Amendment offered
The amendment passed by voice vote
