Скачать или смотреть How To Handle Judgment Liens With Bankruptcy In California With Attorney Nicholas Gebelt

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Law Offices of Nicholas Gebelt
15150 Hornell St
Whittier, CA 90604
(562) 777-9159

In bankruptcy, you can avoid a judgment lien if it impairs your exemptions. This means rendering the lien null and void, but it applies specifically to assets protected by exemptions under the bankruptcy code. Here’s an overview of how the process works:

Exempt vs. Non-Exempt Assets
Exempt assets are those you can keep during bankruptcy, such as a portion of your home’s value under California’s exemption laws. Non-exempt assets may be liquidated to pay creditors.

Calculating Impairment
To determine if a lien impairs an exemption, add:
The lien you want to avoid.
Any other liens on the property, including mortgages.
The exemption value you’re entitled to.Compare this total to the property’s market value. If the total exceeds the property’s value, the lien impairs your exemption and can be avoided.

Evidence Needed:
You'll need the following evidence:
An appraisal to establish the property’s market value at the time of filing.
Certified copies of all liens to verify balances.

Potential Litigation
Creditors may contest the lien avoidance, leading to disputes over property valuation. However, most lien avoidance actions proceed without opposition.

This process ensures you can protect your exempt property while effectively addressing outstanding liens.

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