Do you have any liens filed against you? Do you know what a lien is? A lien is a secured property right owned by a creditor in a piece of property such as a house or a car. If you are considering filing for bankruptcy in Huntsville, Alabama and have liens against your property, it is very important to consult with an experienced bankruptcy lawyer. Many people who file bankruptcy are surprised to learn that even after their debt is discharged, the liens on their property have survived. Liens typically survive bankruptcy, as long as they are perfected (a notice of the lien has been properly recorded).
Before you file for bankruptcy, it is important to identify all liens you have on your property. In some cases, it is possible to negotiate with a lien holder prior to bankruptcy so that the lien can be removed. If a lien is not perfected, the loan may be considered unsecured and be dischargeable in bankruptcy. When a lien survives bankruptcy, it is important to keep up to date on payments, or the property may still be seized.
If you are having financial problems, and have liens filed against you, we are here to help. Call now for a free no obligation, free consultation with one of our Decatur or Huntsville bankruptcy lawyers. Call now 256-534-3435 or 1-800-752-1998. We can help.
Huntsville Office Location: 303 Williams Avenue SW Suite 321 Huntsville, AL 35801
Decatur Office Location: 401 Lee Street, Suite 607A Decatur, AL 35601