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
Execution liens on your home are like judgment liens, “avoidable” in bankruptcy. But only if the underlying debt can be discharged.
Here’s an example showing why a judgment lien on your home is dangerous, and how bankruptcy can solve this problem.
A secured debt can be handled like an unsecured debt if you surrender the collateral, “avoid” a judgment lien, or just keep the collateral.
These 10 tools, especially used in combination, can defeat your mortgage debt and other home-based challenges.
Bankruptcy gives you a fresh start by writing off debts. But it can also free up your home by getting rid of or “avoiding” judgment liens. Writing off debts is good. But if a creditor got a judgment against you, and you own a home, most likely that debt has also turned into a judgment lien on the title of your … Read More
An underappreciated benefit of filing bankruptcy is that you can usually remove judgment liens from your home’s title.
Chapter 7 gets rid of judgment liens and older income taxes, lets business debtors avoid the “means test” and lets you keep a vehicle loan.
Bankruptcy doesn’t just write off debts. It can undo bad things that a creditor has done to you. Like a judgment lien on your home.