QUESTION
Does a bankruptcy 7 or 13 remove a lien on property or on a bank account placed by a credit card company?
Asked on Jun 19th, 2017 on Bankruptcy - Colorado
More details to this question:
It is about $16,000 and all originally unsecured debt. With this debt then be discharged or paid out according to the terms of the bankruptcy, whether chapter 7 or 13?
3 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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A lien from a credit card company is referred to as a judgment lien. Both Chapter 7 and Chapter 13 remove judgment liens.
Answered on Sep 06th, 2017 at 8:53 PM
You have to ask the court to remove the lien from real property (real estate). Not sure what you mean about a lien on the bank account.
Answered on Sep 05th, 2017 at 11:38 AM
Bankruptcy alone does not remove a lien on any property. If the lien impairs a homestead exemption, it is possible to remove the lien within bankruptcy through a separate proceeding.
Answered on Sep 05th, 2017 at 11:38 AM