How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Terry L. Your Own Question
Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2820
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
15345323
Type Your Bankruptcy Law Question Here...
Terry L. is online now
A new question is answered every 9 seconds

we have a lien against our property from a repossession of

Resolved Question:

we have a lien against our property from a repossession of a car, will filing for bankrupcty get rid of that lien? We also have other major financial issues
Submitted: 6 years ago via LegalMatch.
Category: Bankruptcy Law
Expert:  Terry L. replied 6 years ago.
Thanks for your question. When you file a chapter 7, you will need to file an additional motion - motion to avoid a judgment lien. Judgment Liens can be stripped off of a home if they impair your exemption, meaning there is no equity after subtracting the mortgages and the exemption from the fair market value.
Thanks and good luck.
Terry L. and 3 other Bankruptcy Law Specialists are ready to help you