Prevent Future Judgment Liens
Bankruptcy can prevent future judgment liens. It usually stops a lawsuit from turning into a judgment, and then a judgment lien on your home.
Jeffrey K. Greenwell
Bankruptcy Can Remove a Judgment Lien
Bankruptcy can, in the right circumstances, remove a judgment lien from the title to your home. Here are the conditions for pulling this off.
Stripping a Junior Mortgage in Bankruptcy
In determining your ability to strip off a junior mortgage, you must look at the superior liens, the amounts owing on those debts, and the value of your house.
Bankruptcy Can Help You When Faced With A Property Tax Foreclosure
Bankruptcy can help if you are facing a property tax foreclosure — Chapter 7 by getting rid of other debts, Chapter 13 by buying you lots more time.
Chapter 13 Gives the Most Time to Cure Your Mortgage
Chapter 7 provides no mechanism to cure your mortgage. But Chapter 13 does provide a powerful, realistic, and practical way to do so.
Bankruptcy Helps You Afford Your Mortgage
Bankruptcy frees up cash flow so you can afford your mortgage payments. Chapter 7 does so by writing off other debts. Chapter 13 does so more creatively.
Protecting Excess Home Equity in Chapter 13
Chapter 13 can be an advantageous way to protect excess home equity that is above your homestead exemption.
Protecting Potential Equity in Your Home through Chapter 7
Protecting current home equity is a sensible focus when considering bankruptcy. Protecting potential equity can be critical.
Protecting Your Home Equity through Chapter 7
You can protect the equity in your home if the amount of equity is no more than the homestead exemption applicable to residents of your state.
More Bankruptcy Benefits for Your Home
Other bankruptcy benefits for your home include protection against other liens—from judgments, income taxes, and homeowner associations.
Bankruptcy’s Many Benefits for Your Home
Bankruptcy can save and protect your home in many different ways. One of these may be just what you need. Or you may use them in combination.
Cramdown on Furniture and Other Personal Property Debts
Cramdown lowers vehicle loan payments and the total paid on the loan. But you can also get similar benefits on other personal property debts.
How a cramdown saves money
Here's an example of vehicle loan cramdown that shows how you can reduce your vehicle payments and be free and clear after paying less.
Are you Behind on Your Auto Payments
Vehicle loan cramdown doesn't just likely reduce your vehicle payments and the total you pay. You'd also not have to catch up on late payments.
Time requirements for a Cramdown on Vehicle Loan
The time requirements for a cramdown on a vehicle loan in Chapter 13 requires that your loan is at least two and a half years old. But there are exceptions to this.
