Does Chapter 7 or Chapter 13 bankruptcy allow you to eliminate a tax lien? Chapter 7 bankruptcy can reduce the value of the tax lien and Chapter 13 bankruptcy can eliminate the tax lien.
A judgment lien can be removed as part of a Chapter 7 and Chapter 13 bankruptcy. Under 522(f) a judicial lien can be avoided in personal and real property.
You may be able to continue to operate and keep your business even after filing for bankruptcy. This will depend on the value of your business and where you file.
You can eliminate your second mortgage in a Chapter 13 bankruptcy. Bankruptcy allows you to treat your HELOC or second mortgage as unsecured debt.
May. Given the Avvo Client’s Choice Award for 2013 regarding Chapter 7 Bankruptcy, Southern California Law Advocates, P.C. offers a free consultation for new clients!
If you do not have attachable assets or income, then you may be judgment proof. When you are judgment proof, a creditor cannot touch your assets or income.
Federal law protects your social security and supplemental security income from garnishment or seizure. Take the necessary steps to protect your social security income.