Can You File Bankruptcy on a Judgement Lien in Los Angeles?

Bankruptcy Attorneys in Los Angeles Helping You Protect Your Property

If you are considering filing for bankruptcy and have liens against your property, it is very important to consult with an experienced bankruptcy lawyer. At RHM LAW LLP, our attorneys will work with you personally to determine how liens on your property will be affected in a bankruptcy. We are committed to helping you resolve your debt problems while keeping your property.

For a 30-minute risk-free consultation with a Los Angeles bankruptcy lawyer, call us at (213) 344-0043. It could be your first step on the road to debt relief.

Can Bankruptcy Wipe Out Judgment Liens?

A lien is a secured property right owned by a creditor in a piece of property such as a house or a car. Many people who file for bankruptcy are surprised to learn that even after their debt is discharged, the liens on their property have survived.

When you file for bankruptcy, the debts you owe to the creditor may be wiped out, but the lien doesn't automatically get removed. To get the lien removed, you must file a court order and request that the lien be removed.

How Can I Deal With a Lien After Bankruptcy?

Before filing for bankruptcy, it is important to identify all liens you have on your property. In some cases, it is possible to negotiate with a lien holder prior to bankruptcy so that the lien can be removed. If a lien is not perfected, the loan may be considered unsecured and be dischargeable in bankruptcy.

If you still have a lien after your bankruptcy discharged, you have several options on how to deal with the lien:

• Pay off the creditor. Although your debt may have already been discharged, paying the debt is the easiest way to get it removed.
• Negotiate with the creditor for a reduced amount for more favorable repayment terms
• File a motion to request the court eliminate the lien

It is important to keep up to date on payments, otherwise the property may still be seized.

Do You Have a Lien Against You? Call Us

To get a full understanding of how bankruptcy will affect liens on your property, it is important to consult with an experienced bankruptcy lawyer in Los Angeles. We can evaluate your financial situation and advise you on the best possible course of action to deal with your judgment liens.

Contact our firm today to begin. Se habla español.