Life After Bankruptcy

When you borrow money against a vehicle the lender places a lien on the Certificate of Title.  This is called taking a security interest, where the vehicle becomes collateral, guaranteeing you will repay the loan.  A security interest allows the lienholder to repossess the vehicle if you do not make your payments on time.  That seems fair.

What happens after you pay all the money you owe?

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The tax may be discharged but the  tax liens  live on after bankruptcy.

The Federal Housing Administration, in a major policy change, has announced easier rules for people looking to get a mortgage after bankruptcy.