Bowdon Junction, GA Bankruptcy Law Firms & Lawyers

If you have no assets (or have assets less than the allowable amount) then all debts should be wiped out. As to liens they hang around unless you get a court order voiding them. Even while they hang around the creditor cannot collect from you personally and the only assets they have the lien on are the ones you had at the time you filed bankruptcy. Judicial liens can also be voided if the impair your assets.

Per your stated facts: if the owner is not surrendering the home to the lienholder, and payments are current, then the bankruptcy does not effect a material change to your circumstances. Note, a property can be surrendered to a lienholder within the context of chapter 13, however, there is no liquidation by a trustee in chapter 13.

That depends on what exemptions you have available to you under applicable state or federal law when you file your case. Exemptions are "protections" for value you have in certain assets such that they are "exempt" from collections.  Every state has different exemptions amounts available. Exemption laws are based on the state where you resided for the 2 years prior to filing your bankruptcy case or, if you lived in more than 1 state during that period, in the state where you resided for the greater part of the 180 days prior to that 2 year period.   You need to consult with a bankruptcy attorney in your area for more details. Mark Markus has been practicing exclusively bankruptcy law in California since 1991.  He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization,  AV-Rated by martindale.com, and A+ rated by the Better Business Bureau.