You May Be Able To Remove A Home Lien In Bankruptcy
If you have a lien against your home due to an IRS tax debt or lawsuit judgment, you may be able to have that lien removed by filing bankruptcy. At the Law Office of Paul L. Urich, P.A., in Orlando, Florida, I offer a free initial consultation to explain how home liens work and whether your lien can be removed by filing bankruptcy.
Removing Judgment Liens
A home lien represents a secured debt since it is backed up by the value of your home. While Florida homestead laws protect equity in homes from legal judgments, having a judgment lien against your home will create a problem when you try to sell it. If you sell or refinance your home, the lien will have to be paid at closing in order to provide clear title to the buyer.
I can file a motion to void a judgment lien. Once we obtain an order, you will need to record a certified copy in the official records of the county in which your Florida homestead property is located.
In a Chapter 7 bankruptcy, an order to void a judgment lien will discharge the debt. In a Chapter 13 bankruptcy, the judgment lien will be treated as unsecured, which means that you will pay a percentage of it. This percentage will be determined by how much you can afford to pay.
Tax Liens On Homes
Tax liens on your home are harder to remove than judgment liens. However, some tax debts can be removed by filing Chapter 13 bankruptcy. I’m happy to discuss the particular details of your case during our first meeting.
Free Consultations – Contact My Firm Today
If a home lien is holding you back and you are struggling with other financial woes, contact Law Office of Paul L. Urich, P.A., to discuss your options in a free initial consultation. You can message me online or call my Orlando office at 407-915-0842.
I am a debt relief agent. I help people file for bankruptcy relief under the Bankruptcy Code.