Due to the mounting amount of creditors trying to get triple the amounts of the original debt and the lack of income increase I have I am wondering if bankruptcy is the only way to protect myself, my home, and vehicle..
Do you mean a lien? A levy generally has to do with seizing a particular asset. Did a court order a repossession?
If you file a bankruptcy it will discharge whatever debt you owe on the vehicle, and stop any collection actions, but if there is a valid lien against the vehicle, it will remain after your case is completed. However, you can remove judgment liens under certain circumstances in a bankruptcy case. There simply isn't enough information to answer your question. You need to have a consultation with an experienced bankruptcy attorney in your area.
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.
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