Bankruptcy Protects You from Your Homeowners’ Association

Wasson and ThornhillBankruptcy Options

Homeowners’ association debts are dangerous. Chapter 7 may help, but Chapter 13 protects you better by giving you lots of time to catch up.   Filing bankruptcy gives you limited, but potentially very useful protection from your homeowners’ association liens and debts. A Chapter 13 “adjustment of debts” filing could especially help. Your Homeowners’ Association Is a Particularly Dangerous Creditor … Read More

More Ways Bankruptcy Benefits Your Home

Wasson and ThornhillHome Foreclosures

Bankruptcy helps with more than just your mortgage. You can avoid, or deal constructively with, judgment, income tax, support and HOA liens.   Last week we gave you 7 ways that bankruptcy can either save your home now or protect it going forward. Here are the remaining 8 ways (#8 through #15), mostly involving involuntary liens placed on your home … 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