Can I Eliminate a Lien in Bankruptcy?

Can I Eliminate a Lien in Bankruptcy?

By John Lee Generally speaking, liens are not dischargeable in bankruptcy. There are several different types of liens, including voluntary liens (mortgage and car notes), judgment liens (from when a creditor sues you), and statutory liens (real estate taxes and...
Deficiency Balances in Bankruptcy

Deficiency Balances in Bankruptcy

By John Lee One of the primary reasons people file for bankruptcy is that a creditor has obtained a judgment against them for a deficiency balance. A deficiency balance occurs when the mortgage lender (or other secured creditor) forecloses on the debtor’s house and...