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 and have liens against your property, it is very important to consult with an experienced bankruptcy lawyer.At Simon Resnik Hayes LLP, our attorneys will work with you personally to determine how liens on your property will be affected in a bankruptcy. We are committed to helping you resolve your debt problems while keeping your property.Call 888.368.4099 or contact us online for a free consultation with a California bankruptcy lawyer. It could be your first step on the road to debt relief.

Liens and Bankruptcy

Many people who file for 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 filing 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.

To get a full understanding of how bankruptcy will affect liens on your property, it is important to consult with an experienced bankruptcy lawyer.

Contact Us

For a free initial consultation about filing for bankruptcy with Simon Resnik Hayes LLP, call 888.368.4099 or contact us online. Our offices are open weekdays from 7:00 a.m. to 7:00 p.m., and we serve clients in the Los Angeles area and San Fernando Valley through offices in Sherman Oaks and Los Angeles.

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.