Roy Bean and Alvira Jones are tenants in common in a casino and hotel in Sparks, Nevada. Roy is a bit of a spendthrift and has run up over $75,000 in credit card debt, $212,000 in lines of credit, and also has a $759,000 mortgage on a house that is now worth $300,000. Roy's creditors have judgments totaling the amount of these debts, plus interest, plus collection expenses and litigation fees for a total of $1.5 million. The creditors have placed a judgment lien on the casino. Which of the following statements is correct?
A) Because they are tenants in common in the casino, Alvira's interest is affected by the creditor's lien.
B) Alvira's interest in the casino cannot be attached by the creditors.
C) The creditors cannot place any lien on property that is co-owned.
D) Alvira cannot sell her portion of the casino without paying off the lien.
Correct Answer:
Verified
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