Maryland | Bankruptcy
1/09/06, 1:09 pm
Legal Question
Validity of Liens after Chapter 13 Discharge
An unsecured creditor obtained a judgment prior to a couple filing for chapter 13 bankruptcy. The creditor was included in the chapter 13, as unsecured and paid a portion of the debt. After the couple were discharged from the chapter 13, a lien still shows on their home's title that the creditor is owed. Doesn't a lien signify that the creditor is secured, and if so, why would the creditor agree to be listed as unsecured with the bankruptcy court trustee. Is the couple required to satisfy the lien at this point? Are the attorneys responsible in any way?
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Read More Answered By: Daniel Press |
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