I have received the Notice of Involuntary Lien from Portfolio Recovery LLC. Can anything be done at this point?

If you own any real property in the county in which the lien was recorded, then the lien attaches to that property.  It may be possible to remove that lien in a bankruptcy case, but it depends on the numbers (the value of the property, amount of the lien, and amount of all other liens against the property). If you wish to settle with the creditor and have them remove the lien, then yes contacting them would be a good first step. Depending on the amounts involved, I would suggest having a consultation with a bankruptcy attorney to explore your options. Mark Markus has been practicing exclusively bankruptcy law in California since 1991.  He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization,  AV-Rated by martindale.com, and A+ rated by the Better Business Bureau. CONTACT MARK for more information or to schedule an appointment.