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
Bankruptcy can protect your home from judgment liens. It can stop a lawsuit from becoming a judgment, and then a judgment lien. Judgment Liens Are Dangerous Our last blog post was about how filing bankruptcy can sometimes remove, or “avoid,” a judgment lien from your home. This is a great potential benefit of bankruptcy if a judgment lien has … Read More
Bankruptcy resolves your debts. How it does so depends on whether your debt is secured, priority, or general unsecured. Your debts are the reason you are reading this. You want to know how bankruptcy would deal with your debts. Will bankruptcy write off all your debts? Can you keep paying some of your debts like a vehicle loan or … Read More
Filing a Chapter 7 case buys you time and can permanently stop judgment liens from hitting your home. Recently we went through a list of ways Chapter 7 buys you time when dealing with debts affecting your home. Included was that filing a Chapter 7 case can “stop a lawsuit from turning into a judgment lien.” That judgment lien … Read More
A secured debt can be handled like an unsecured debt if you surrender the collateral, “avoid” a judgment lien, or just keep the collateral.
Because of Chapter 13’s much more powerful automatic stay, its ability to prevent judgment liens and tax liens is extremely valuable.
Here are more features of Chapter 7 worth knowing and taking advantage of.
Bankruptcy can enable you to keep your home through almost countless benefits. Here are 20 of them.
Chapter 13 is bristling with tools to help you manage your mortgage and vehicle loan.
Filing bankruptcy can buy you a little time or a lot of time, enough time either to transition to a new home or to save your home.