lien on home before Chap 7

What is the name of your state? CO


When you file Chap 7 Bankruptcy, does it remove any liens you have on your home? You can keep your home as long as you don't have too much equity right? 10,00k equity?

[Minnymouth]

KY - Minnymouth here!

Mortgage liens are not removed. But BE SURE you CHECK YOURSELF that your mortgage papers are in order and that all liens are recorded at courthouse. So DO NOT depend on your lawyer to do this, MINE SURE DIDN'T. Especially if you own a mobile home and have a title with it. Make sure that the lien is recorded on the title,at the courthouse, and on the mortgage/loan papers. Do this before you file!!!!
Take your lawyers advice seriously, but also check behind him**************..will save you a lot of grief.
Check with your lawyer for exemptions for your state. You dont want too much equity in your home, trustee goes after it.

Wish you luck, hope it goes well for you!

[ihatearizona]

You are also going to have to file a Motion to Avoid a Lien.

This is seperate paperwork from your Bankruptcy forms.

Check the local rules for your state to see what you need to submit.
(Should be under bankruptcy rule 4003).

so filing bankruptcy Chap 7, I would be able to remove any liens on my home?

[ihatearizona]

What is the lien from?

[Ladynred]

You can't remove the MORTGAGE lien, but liens from other debts MAY be removable if they impair your exemption.