Getting Rid of a Judicial Lien Attached to Your Property in a St. Louis Bankruptcy
A ST. LOUIS BANKRUPTCY ATTORNEY CAN STOP A CREDITOR FROM TRYING TO HARM YOUR PROPERTY
When a lien is attached to your property in this manner, it takes on the character of a mortgage. In other words, if you try to sell your home, the lien will have to be satisfied in full along with any other encumbrances (like a first or second mortgage). This can have a negative effect on your ability to sell the home to a potential buyer.
It is, however, possible to get rid of a lien placed against the property when you file a Missouri bankruptcy. Whether it is a St. Louis Chapter 7 bankruptcy or a St. Louis Chapter 13 bankruptcy, judicial liens can be stripped off the house by way of an adversary proceeding filed by your attorney. This removes the lien altogether (which can sometimes be thousands of dollars), and frees the home from that particular encumbrance.
The affordable St. Louis bankruptcy lawyers at The Law Office of Jennifer Alter-Rieken have been making sure that each client’s interests are fully met for years. Our goal is to make you aware of your rights, present you with all your options, and get on the path towards financial freedom.