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 Ellen Your Own Question
Ellen
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
9968427
Type Your Bankruptcy Law Question Here...
Ellen is online now
A new question is answered every 9 seconds

I know I am not liable to the lien debt, but what sense does

This answer was rated:

I know I am not liable to the lien debt, but what sense does the lien make as far as it being there, if I'm not responsible for the debt anymore? I always thought a lien is when you owe for an item or house etc.
Hello,

You are not personally responsible for the debt but the debt is collateralized by the property in the form of a lien. When you sell your property or refinance, the lien will be required to be satisfied.

You can consider contacting your bankruptcy attorney and requesting that he reopen your bankruptcy case. Once your bankruptcy case is open, you can file an adversary proceeding in the bankruptcy to avoid the lien if the lien impairs your homestead exemption of $30,000 in equity
Ellen and other Bankruptcy Law Specialists are ready to help you