Three Kinds of Debts

Wasson and ThornhillBankruptcy Procedure

Your debts can be “secured,” “priority,” or “general unsecured.” How bankruptcy treats your debts depends on which kind they are.

Judgment Liens that Can Be “Avoided”

Wasson and ThornhillBankruptcy Procedure

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