Bankruptcy Lien How To Avoid

Avoiding Bankruptcy Lien – A debtor may avoid a Bankruptcy Lien that impairs an exemption to which the debtor is entitled, if the lien is created by a judicial proceeding such as a law suit or if the lien arises in connection with a loan other than a loan to purchase the property to which the lien attaches. For example, a loan for cash to help with household expenses secured by household furnishings or appliances, or secured by a vehicle which the debtor already owns. The provisions allowing such avoidance do not apply to liens arising by reason of domestic support obligations or in connection with a separation agreement, property settlement, divorce or certain other related matters. There are also limitations on the power of a federal court to upset a final judgment of a state court. Consult your bankruptcy attorney as to these matters.

Waiving a right to avoid Bankruptcy Lien. Any waiver of a right to avoid a lien that is provided by the Bankruptcy Code is unenforceable in a bankruptcy proceeding.

Avoiding Bankruptcy Lien

Avoiding Bankruptcy Lien

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Fair and Effective Legal Representation with a Local Bankruptcy Attorney – Bankruptcy Lien How To Avoid

Local Bankruptcy Attorney C. Stephen Gurdin Jr. provides quality local legal services to individuals, corporations and law firms, and gives an initial consultation, with an estimate of his fees and costs, at no charge in the Wilkes-Barre, Scranton area.

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