Can A Credit Card Or Unsecured Debt Put A Lien On My House?
By Susanne Robicsek, North Carolina Bankruptcy Attorney on Feb 10, 2007 in General Bankruptcy Information
The short answer to this question is yes. A lien can mean that the creditor might be able to foreclose/sell the property to satisfy the unpaid debt. But each situation is different and whether or not YOUR debts can lead to a lien on YOUR house is determined by a number of factors, from what state you live in to how old the debt might be.
People often are confused and surprised when a debt that they did not agree to give any collateral to end up with a lien on property. Each state’s laws are different, but in general a creditor has the right to sue and try to be paid from property owned by the debtor.
To know whether or not property you own is at risk, talk to an attorney in your area who will explain who can sue you and what they can, or can not get from you if you are sued.
If your property is at risk, bankruptcy, either Chapter 7 or Chapter 13, may be able to help protect you from the debt.
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