Will a bankruptcy eliminate property liens?

A bankruptcy court's discharge of your debts wipes out your obligation to pay your creditors, but if the creditor has a lien on your property, the lien will survive your bankruptcy unless you exercise certain procedures during your bankruptcy case. If your creditor has taken you to court and slapped a judgment lien on your property, you may be able to remove it.

A bankruptcy eliminates debts, but it does not eliminate liens. So, if you have a secured debt, a debt where the creditor has a lien on your property and can repossess it if you don't pay the debt, bankruptcy can eliminate the debt, but it does not prevent the creditor from repossessing the property. A bankruptcy eliminates debts, but it does not eliminate liens. But if they do repossess your property, bankruptcy does prevent the creditor from coming after you for additional money. Creditors will usually come back after you if the sale of your property didn’t generate enough cash to pay off the amount you still owe them. Or if you figure out a way to keep the bidding down when you see your property on ebay.