FREE Debt Relief & Bankruptcy Consultation
(330) 409-2876 or (877) 505-9455
TALK TO AN AKRON-CANTON OHIO BANKRUPTCY ATTORNEY TODAY (330) 409-2876
A lien against you is a claim against real or personal property that you own. Liens can be both voluntary and involuntary.
The application for a loan by you, and subsequent granting of that loan by the lender is a voluntary lien. The loan documents that you sign are a legally binding contract. This applies to secured loans such as mortgages, car loans, boat loans, motorcycle loans, RV loans and any other loan where the creditor issues the loan in exchange for a claim on the property you are purchasing. That claim is a lien against your real or personal property, also known as collateral.
Involuntary liens may be generated from several sources, some of which include Tax Liens from the government, Mechanics Liens from contractors, Court Judgments from lawsuits, Homeowners Association Liens, and Condominium Liens. These liens are set up to prevent the transfer of title of the property until the debt is settled with the lien holder.
While filing bankruptcy will not automatically eliminate the lien on your property, certain types of liens may be avoided in the bankruptcy. When filing for chapter 7 or chapter 13 bankruptcy at the Canton, Ohio bankruptcy law office of Ken Sheppard, Jr., a lien may be subject to removal from your property if it impairs a bankruptcy exemption that you may be entitled to. At Shepard Law we can review any liens you may have against your property and determine if the lien will meet the qualifications for removal through filing bankruptcy.
Lien stripping can be utilized in Chapter 13 Bankruptcies to remove a second and any subsequent mortgages from your home if the value of the home is less than the fair market value of the first mortgage. These debts receive the same treatment as unsecured debts, and are erased at the discharge of your bankruptcy.
While many governmental liens are not avoidable in a bankruptcy, certain tax debts can be discharged. There are rules in place which will allow for these debts to qualify for discharge through a chapter 7 or chapter 13 bankruptcy. Additionally Sheppard Law Offices provides another distinct advantage if you are facing IRS, State, or Local tax issues as Ken Sheppard, Jr. is a federal tax attorney and a large part of our business is tax relief.
If you are facing liens against your property and are considering filing bankruptcy, the Canton Ohio bankruptcy Attorneys at Sheppard Law Offices can provide you with the support and assistance you need to help you to better understand what liens can be removed. Call (330) 409-2876 today to schedule a free Canton, Ohio Bankruptcy and Debt Relief consultation.
Sheppard Law Offices
Canton, Ohio Office
Belden Village Tower, 200
Canton, Ohio 44718
Tel: (330) 409-2876
Columbus Ohio Office
2600 Tiller Lane, Suite A
Columbus, Ohio 43231
Tel: (614) 523-3106
Newark, Ohio Office
843 N. 21st Street, Suite 108
Newark, Ohio 43055
Tel: (740) 345-7138
Mt. Vernon, Ohio Office
11 West Gambier Street
Mt. Vernon, Ohio 43050
Tel: (740) 392-0404
We are a debt relief agency. We help people file for protection under the U.S. Bankruptcy Code.
© Copyright Sheppard Law Offices. All Rights Reserved.
Sheppard Law Offices, LPA is conveniently located and serving chapter 7 and chapter 13 bankruptcy clients in Canton, Ohio. Our office is a short drive from throughout Stark, Tuscarawas, and Summit Counties. We regularly provide debt relief solutions to clients from Akron, Canton, North Canton, Massillon, Dover, New Philadelphia, Alliance, Navarre, Strasburg, Ballivor, Jackson Township, Canal Fulton, Barberton, Greenlawn, Medina, Wooster, Orrville, Dalton, Minerva, Ashland, Wadsworth, Carrollton, Dundee, Millersburg, Hartville, Doylestown, Green, Uniontown, Salem, Columbiana, Uniontown, and throughout Ohio.
FREE Debt Relief Consultation Call (330) 409-2876 or (877) 505-9455
Sheppard Law Offices