Legal Question in Civil Litigation in California

Stock Lien to Satisfy a Judgement

We were awarded a settlement (consisting of a judgement and cash payment) for a civil litigation case in which the judge made the judgement bankruptcy proof by stipulating that the individuals guarantee payment of the judgement personally by pledging personal assets in the event of non-payment by the company. Both have stock in another company worth enough to satisfy the judgement. My question is how do you go about putting a lien on the stock in case the worst case scenario happens? Or can you lien stock? If so what is the procedure?


Asked on 3/07/02, 10:15 pm

1 Answer from Attorneys
Larry Rothman Larry Rothman & Associates

Re: Stock Lien to Satisfy a Judgement

In the event that execution of a judgment be necessary, you can levy on any assets that the debt has that are not exempt. Stock is not exempt. Did you ensure that the stock would not be transferred? Is this a judgment subject to payments? Does the debtors own real property. You should file an abstract of judgment. If you call me at 714 363 0220 and/or fax me the written judgment, I will provide you with free consultation.

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Answered on 3/08/02, 11:01 am


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