Learn More About Bankruptcy

Bankruptcy Can Remove Liens on Household Goods

Bankruptcy Can Remove Liens on Household Goods If you took out a personal loan, did the lender ask you to write down a list of your personal belongings?  If so, you may have given the lender a lien against your personal property, turning what would otherwise be an unsecured personal loan into a secured one.  A lien is a claim against an asset that can be used to satisfy a debt.  In other words, if you don’t pay the loan,

Read More »

Bankruptcy And Judgments

Is it too late to file for bankruptcy if a creditor has obtained a judgment against you? For most bankruptcy filers, the answer is “No!” But if you can, don’t wait until a creditor obtains a final judgment. The quicker you act, the better. In North Carolina, if a judgment is obtained against you, it acts as a lien against any real estate you own. This is called a “judgment lien”. This can prevent you from selling your home without

Read More »