Voiding Judgment Liens
Often you file bankruptcy after a lawsuit has been filed and a court has entered a judgment against you, which is a finding that you owe money to the plaintiff. If you own real estate, the plaintiff will immediately record a transcript of that judgment in the real property records of the county where you live, creating a judgment lien against your home.
In the State of Colorado, the equity in your home is protected up to $60,000 ($90,000 if you are 60 years of age or disabled), by a homestead exemption. Judgment liens impair (i.e. interfere with) your homestead exemption, if the equity in your home is less than the homestead exemption. For example, if your home is worth $150,000 and you owe $100,000 to your mortgage company, you would have $50,000 equity; but, if a judgment lien of $20,000 has been recorded, the equity would be reduced to $30,000.
Upon the filing of a bankruptcy petition, judgment liens that impair homestead exemptions can be voided (i.e. removed). At the Denver metro area law firm of George T. Carlson and Associates, we have more than 39 years experience representing clients in bankruptcy, voiding judgment liens, and helping them with avoiding judgment. Call us today for a free consultation and we can help you resolve your case.
Providing Debt Relief for Clients
As a result of our long experience in these matters, we will methodically and efficiently review your case for the possibility of judgment liens. We will conduct a debt review and help you in determining whether judgment liens have been recorded. And, we can help you void those judgment liens against your home. We will also provide guidance for preventing the entry of judgments against you.
Contact a Denver, Colorado Bankruptcy Attorney Today
If you are seeking legal representation or would like more information about our services, contact our office today for a free consultation with an attorney. You can reach an experienced lawyer at 303-789-1313 or by contacting us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
