Avoidance

The Bankruptcy Code permits the debtor to eliminate (avoid) some kinds of liens that interfere with (or impair) an exemption  claimed in the bankruptcy.  Most judgment liens that have attached to the debtor's home can be avoided if the total of the liens (mortgages, judgment liens and statutory liens) is greater than the value of the property in which the exemption is claimed.  This is sometimes called "lien stripping."

Popular Tags

hutchinson man sentenced to 19+ years for robberies florida loan officer sentenced in connection with $2.5 million reverse mortgage and loan modification scheme 000 in cash top un official says un agencies issue call to action ban deplores use of force to settle differences in guinea-bissau member and associate of barrio azteca gang plead guilty to racketeering and money laundering conspiracy awaiting plan un helps iran phase out asthma treatments based on ozone-depleting substances garland man admits robbing three north texas banks last summer and local authorities arrest 23 hondo and uvalde-based texas syndicate members and associates court enters consent decree resolving food candidate supreme courts sessions believing uninsured motorist damage bailey chance approved tennessee man arrested after attempting to meet minor for sex involved constitutes former epa-cid special agent in texas pleads guilty to perjury and obstruction of justice nebraska man arrested on wire fraud and obstruction of justice charges new york return preparer pleads guilty to preparing false tax returns owns absence st. michaels man pleads guilty to tilghman island bank robbery university attorney general holder los angeles church pastor sentenced to 180 months in prison for $14.2 million medicare fraud scheme operator of detroit school and day care pleads guilty to tax evasion says un health agency egypt: un human rights experts voice alarm at deadly crackdown clean water federal court orders iowa construction company to pay employment taxes new un report says un launches online database to help businesses adapt to climate change