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Statutory Lien
A right to keep possession of property belonging to another person until a debt owed by that person is discharged, as prescribed by statute.
Judicial Sale
A sale conducted under the supervision of a court where property is sold to satisfy a debt, often as part of bankruptcy proceedings.
Contractor
An individual or company engaged to perform specific tasks or services under a contract for payment.
Homestead Exemption
An exemption that allows a debtor to retain all or a portion of the family home so that the family will retain some form of shelter.
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