This article previews an upcoming hearing in federal Bankruptcy Court involving a judgment creditor's perfection of a lien on a debtor's stock in a salon under New Jersey law. The article explains why the judgment creditor's failure to adequately perfect its lien makes it an unsecured creditor (as opposed to a secured creditor) and details why this is such an important distinction to the salon owner.
- Summary by FizzLaw Team
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Judgment Creditor's Perfection of Debtor's Stock in Personal Services Corporation Under NJ Law