Protect Your $1,200 from Creditor Collection

Wasson and ThornhillCreditor Lawsuits, Financial Crisis

Your $1,200 pandemic relief payment from the IRS is subject to creditor collection, if you have a garnishment order on your bank account. Our blog post four weeks ago was about the $1,200 pandemic relief payments going out to most U.S. adults. The CARES Act explicitly protected these payments from seizure for certain governmental debts. Generally, the payments can’t be … Read More

Unexpected Benefit: Remove a Judgment Lien from the Title to Your Home

Wasson and ThornhillCreditor Lawsuits

Usually you can’t change a secured debt into an unsecured one, even in bankruptcy.  But you often CAN remove a judgment lien from your home.   We’re on a series of blog posts about the powerful but less obvious benefits of bankruptcy. Bankruptcy can do much more than just give you immediate and long-term relief from your debts. Today we … Read More

Chapter 7 with a Current Mortgage But Other Liens

Wasson and ThornhillHome Mortgages

Here are 3 more Chapter 7 scenarios when you are current on your home mortgage but have other liens on your home.   Our last blog post was about situations in which Chapter 7 works well enough in the following 3 debt situations: Second or third mortgages Property taxes Income tax with a lien recorded on your home In general, … Read More