Which type of lien asserts a creditor's claim to any of the debtor's properties?

Prepare for the PSI Property Ownership Exam with flashcards and multiple choice questions. Each question comes with hints and explanations to optimize your study time. Get exam-ready today!

A general lien is a type of financial claim that allows a creditor to seize a debtor's property to satisfy a debt. This lien is broad in scope, meaning it can be enforced against any of the debtor's properties, not just specific assets. For instance, if a debtor owes money to a creditor, the creditor can place a general lien on all of the debtor's assets, providing the creditor with a claim to various properties, including real estate, personal belongings, or accounts receivable.

In contrast, other types of liens serve different purposes: a special lien applies only to specific possessions, a specific lien grants a claim on particular items tied to a debt, and a voluntary lien is one that is agreed upon by both the creditor and debtor, typically involving some form of loan or financing. Understanding how general liens work is crucial for recognizing the rights creditors have over a debtor's broad range of properties.

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