Here’s an example showing why a judgment lien on your home is dangerous, and how bankruptcy can solve this problem.
A judgment lien effectively converts a debt that was secured by nothing into one secured by your home.
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.
If you’re hurting financially and getting pressured to sell your home, first get bankruptcy advice to potentially save you lots of money.