Judgment Liens Lawyer Serving Savannah, GA
Legal Guidance for Handling Judgment Liens Through Bankruptcy
When you go into default on a debt, a creditor or debt collector can file a lawsuit against you in civil court seeking what is called a money judgement. This judgment requires you as the debtor to pay up; when you cannot do so, a lien can be placed against your property or assets to ensure that your creditor gets paid when the property is sold. This is called a judgment lien.
Have you been threatened with a judgment lien or had one placed against your property already? Such an action indicates that you have been met with serious financial trouble. You likely are in debt overload which calls for the services of an attorney experienced in debt relief. At the Law Offices of Mark A. Bandy, PC, we have accumulated more than 20 years of experience helping Georgians find proper solutions to insurmountable debt. Our firm is dedicated to helping you find the right solution for your financial scene so that you can regain control and move forward safely into a sunnier future.
Judgment Liens & Bankruptcy
Judgement liens can be attached to the following types of property and assets:
- your home, condo, rental property, or land
- your personal property, such as jewelry, art, or other valuables
- your vehicle, motorcycle, or RV
For example, if you owe a creditor $10,000 in credit card debt for which you go into default, your creditor can file a lawsuit against you in civil court seeking a money judgment for what you owe. If you fail to respond to the lawsuit or the court rules in your creditor’s favor, a judgment will be issued by the court for what you owe plus interest. Then the creditor can file a lien against your property, giving it the right to collect on the debt once the property is sold. In some circumstances, the creditor may have the right to take the property and sell it to satisfy the debt.
These liens are generally attached by being recorded in the county where your property is located or where you may have property at a future date. The judgment is recorded with the superior court clerk. A judgment lien remains effective for seven years and may be renewed. They are known as nonconsensual because they are attached without your consent.
How do you satisfy a judgment lien? You can do so, obviously, by paying off the debt that underlies such a lien. If you are drowning in debt, however, that may not be possible. The other solution to a judgment lien is to declare bankruptcy. If this is done before your creditor wins a money judgment against you, you may be able to eliminate the debt through bankruptcy. If the lien has already been placed on your property, you will need to satisfy certain conditions first before you can avoid the judgement lien through bankruptcy (this is called lien avoidance).
In order to avoid a lien in bankruptcy, the lien must be based on a money judgment and the lien must “impair” property which you own and is otherwise exempt in your bankruptcy.
Get Help from our Savannah Judgment Liens Attorney
If need legal help with a judgement lien, we advise you to contact the Law Offices of Mark A. Bandy, PC as soon as possible. We can sit down with you to go over your finances, counsel you on your legal options, and take action to help you resolve the problem based on what is in your best interests.
Phone us at (912) 331-4501 for legal guidance today.
If you are in a bad place financially, have lost all hope, and feel there is no one out there to turn to, then please reach out to Mr. Bandy before you make any other decisions. He will get you the relief and guidance you are looking for.- Crystal
He helped us stay calm and positive throughout the whole experience.- Faith
He answered all my questions and made the whole situation go smoothly.- J.C.
Mark was very patient with my questions, answered them thoroughly and his recommendations were accurate and proved true.- M.A.
After reaching out to Mark my initial apprehension was immediately put to rest. Mark is very understanding and broke the process down in its most simple terms.- Ben
Flexible & Affordable
We offer free consultations, weekend, after-hour, and virtual appointments for your convenience.
We are accessible to our clients and are here to answer all questions throughout the process.
When you retain us you can rest assure you will receive excellent representation and the best possible outcome.
Attorney Mark A. Bandy has over 20 years of experience successfully handling bankruptcy filings in Savanna.