Here’s an example showing why a judgment lien on your home is dangerous, and how bankruptcy can solve this problem.
Both Chapter 7 and Chapter 13 can wipe away judgment liens. But doing so under Chapter 13 can be better when used with its other benefits.
The potential ability to get rid of judgment liens from your home’s title is an impressive benefit of bankruptcy.
Bankruptcy can’t get rid of most creditor liens on what you own. But judgment liens that can be “avoided” on your home are an exception. Our last blog post was about judgment liens, why they are so dangerous, and how both Chapter 7 and 13 types of bankruptcy can deal with them. Today’s blog post explains what determines whether a … Read More
Have the flexibility to sell your home when you want, giving time for it to add equity, while keeping creditors away from that equity.
An underappreciated benefit of filing bankruptcy is that you can usually remove judgment liens from your home’s title.
If you’re hurting financially and getting pressured to sell your home, first get bankruptcy advice to potentially save you lots of money.
Save your home by “avoiding” judgment liens and “stripping” your second (or third) mortgage off your title.