Chapter 13 with a Judgment Lien, HOA Lien, or Child/Spousal Support
Chapter 13 can work much better than Chapter 7 if you have a judgment or HOA lien on your home, or get behind on child or spousal support.
Chapter 7 with a Judgment Lien, HOA Debt, or Support Obligations
Here are 3 more scenarios for when you are current on your mortgage, where Chapter 7 works well in dealing with other home-related debts.
Chapter 7 Prevents Judgment Liens on Your Home
Filing a Chapter 7 case stops foreclosure of your home temporarily, helping you gather funds for your transition to your next housing.
Execution Liens, Judgments on Nondischargeable Debts
Execution liens on your home are like judgment liens, "avoidable" in bankruptcy. But only if the underlying debt can be discharged.
A Sample Judgment Lien, Undone
Here's an example showing why a judgment lien on your home is dangerous, and how bankruptcy can solve this problem.
Undoing a Judgment Lien
Bankruptcy can do more than forever discharge your debts. It can undo some bad creditor actions, like a recorded judgment lien on your home.
The Dangerous Judgment Lien
A judgment lien effectively converts a debt that was secured by nothing into one secured by your home.
Debt Secured by Judgment Lien Can Often Be Turned into an Unsecured Debt
A judgment lien turns an unsecured debt into one secured by a lien on your home. Bankruptcy can undo that, and write off the debt.
“Avoiding” a Judgment Lien on Your Home in Chapter 13
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.
Erasing a Judgment Lien from Your Home’s Title
The potential ability to get rid of judgment liens from your home's title is an impressive benefit of bankruptcy.
Preventing a Judgment Lien against Your Home
Letting a creditor get a judgment against you is dangerous, for a lot of reasons. One of the biggest dangers is a judgment lien on your home.
The Judgment Liens that Can Be “Avoided” from Your Home’s Title
Bankruptcy can't get rid of most creditor liens on what you own. But judgment liens on your home are an exception.
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.
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.
Mistakes to Avoid–Selling Your Home out of Desperation
If you're hurting financially and getting pressured to sell your home, first get bankruptcy advice to potentially save you lots of money.