A lien is defined by the Federal Bankruptcy Code as a “charge against or interest in property to secure payment of a debt or performance of an obligation” owed by a debtor to a creditor. Generally speaking, a bankruptcy case discharges, or wipes out, debt owed to creditors but does not eliminate a creditor’s lien held against the debtor’s property.
Can Bankruptcy Help Get Rid of Liens on My Property? | LifeBack Law
A lien is defined by the Federal Bankruptcy Code as a “charge against or interest in property to...
