Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarification.
Liens can be discharged in a bankruptcy, if the lien is for an unsecured credit card their will be no issue.
The main reason an individual could not qualify for a chapter 7 are the following:
1. your income is higher than the state average
2. you have been discharged previously within the past 8 years
If you have no property for the lien to attach their is little if anything they can do,
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Hello again. I'm finally gonna pay you a bonus for your answers, thank you, but i wanted to clarify a couple things first:
1. Your answer: "After 7 years the unsecured lien would not be on your credit report." THEN you said, "In the state of California a lien placed against your property for an unpaid judgment can remain in place for a period of ten years. The creditor then has the option of renewing the lien for an additional ten years" Can the lien never be back on my credit report again after 7 years? Or would it stay on my report during the entire length of the lien? So i could have a lien against me, but it NOT be on my credit report?
2. Please explain to me how the system works, if i had a lien put on me NOW, would it be attached to MY NAME, or to a certain piece of me, like a bank acct.? So if i get property in the future, or own stock in a company in the future, would they beableto put a lien on it then? i had a bunch of unsecured debt in CA, and decided nottogothru a bankruptcy because i donot own property.
And your answer: "The lien cannot be attached to any IRA account, only non exempt property such as bank accounts, wages, and possibly even on real estate. IRA'S are protected."
WHAT DO YOU MEAN BY STATING, "possibly even on real estate"? And does that include if i owned stock in a business? And can a lien be placed upon a VEHICLE? And ifso, is there a limit of value of the vehicle that they CANNOT place a lien on?
Thank you for the information, but please answer probably the most important question i had w/some more clarifications:
So if i get property in the future, would they beableto put a lien on it then? Is the lien 'open ended' for them to attach if i ever get money and buy things in the future, or does it happen that when they goto court to get the lien itis attached to 'something' at that time only?(a bank acct or property or?)
And if they COULD attach a lien L8r, 1. Does that ever happen? 2. And is there a limit asto how much time after the debt occured that they COULD do so?
And if, say, i own stock in a company in the future, could they put a lien on the shares i owned?
And FINALLY, at this point the debts have all been sold off to collection agencies, does it ever happen that a collection agency pursues the money at a L8r date after 7 years?????
I'll pay the 'bonus' w/the response, thank you!
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