Besides legally writing off all or most of your debts, "straight bankruptcy" can often remove judgment liens from the title of your home. Chapter 7 bankruptcy usually has two main goals, and usually accomplishes them. #1: Filing the bankruptcy case immediately stops your creditors from ... Read More »
A Fresh Start by “Avoiding” a Judgment Lien on Your Home
Bankruptcy doesn’t just give you a fresh start by writing off debts. It frees up your home by often getting rid of its 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 ... Read More »
Chapter 7 and Chapter 13–Avoiding Judgment Liens on Your Home
An underappreciated benefit of filing bankruptcy is that you can usually remove judgment liens from your home’s title. In so many ways Chapter 7 “straight bankruptcy” and Chapter 13 “adjustment of debts” are very different, particularly in the tools they each use ... Read More »
