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Remove Liens Through Bankruptcy

Liens and Bankruptcy

What liens can bankruptcy remove?

The answer depends of the type of liens and which bankruptcy chapter filed.

Judicial liens, aka judgment liens, by credit cards, personal loans, medical bills, or deficiency from car repossession or foreclosure can be removed in either a Chapter 7 Bankruptcy or Chapter 13 Bankruptcy if you meet the conditions.  An experienced Sacramento Bankruptcy Attorney can tell you if you qualify to remove the judicial lien or judgment lien and receive a discharge of the balance owed through a Chapter 7 Bankruptcy or Chapter 13 Bankruptcy.

Second Mortgage or equity line of credit on your home can be removed in Chapter 13 Bankruptcy called lienstripping if you meet the conditions.  An experienced Sacramento Bankruptcy Attorney can determine if you qualify for a Chapter 13 lienstrip to remove the second mortgage or equity line of credit off your home and receive a discharge of the balance owed.

Car loan balance can be reduced to the retail value and the interest rate can be reduced to the prime rate plus a small percentage in Chapter 13 Bankruptcy.

Tax liens cannot be removed in Chapter 7 Bankruptcy but can be reduced or removed in a Chapter 13 Bankruptcy under certain conditions.  Muoi Chea Bankruptcy Attorney can determine if you can benefit from Chapter 7 Bankruptcy or Chapter 13 Bankruptcy.   Bankruptcy Attorney Offices are located in Sacramento, Stockton, and Fairfield, California to help solve your financial problem.  I successful helped people eliminate their debts throughout Northern and Central California.  Accepting Residents from the north in Vallejo to the south in Modesto and from the east in Yuba City or Sutter or Auburn to the west in Tracy and nearby regions.