Depends. Under certain circumstances, judicial liens and nonpossessory, nonpurchase-money security interests may be removed if the fixing of the lien impairs an exemption that you’re entitled to on the date you file your bankruptcy case. This also depends on the value of the asset and the amount of senior liens and encumbrances on your property.
Kristy Qiu, Esq.2017-04-26T15:54:28+00:00