You are right, there is a difference,and I apologize for not being clearer in the original post. In Wisconsin, if you file a case against a debtor and you can show that you are actually owed the money, the court will file a judgment against the debtor.
Several years ago, we had a customer file bankruptcy and close their doors and we were paid .30 on the dollar for the $1000 they owed us. If we had filed a lawsuit, were awarded a judgment and docketed (perfected) it, would our lien have any kind of priority over other monies owed?
Judgments docketed against individuals are effective, especially if they own a home, but I don't have any knowledge of the effectiveness of filing them against a corporation. If you have any experience with this, I'd appreciate it. Thank you :)
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