Execution liens on your home are like judgment liens, "avoidable" in bankruptcy. But only if the underlying debt can be discharged.
Here's an example showing why a judgment lien on your home is dangerous, and how bankruptcy can solve this problem.
A secured debt can be handled like an unsecured debt if you surrender the collateral, "avoid" a judgment lien, or just keep the collateral.
These 10 tools, especially used in combination, can defeat your mortgage debt and other home-based challenges.
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.
An underappreciated benefit of filing bankruptcy is that you can usually remove judgment liens from your home's title.
Chapter 7 gets rid of judgment liens and older income taxes, lets business debtors avoid the "means test" and lets you keep a vehicle loan.
Bankruptcy doesn't just write off debts. It can undo bad things that a creditor has done to you. Like a judgment lien on your home.