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Home / Opinion Digests / Bankruptcy – Homestead Exemption – Prepetition Judgment Lien (access required)

Bankruptcy – Homestead Exemption – Prepetition Judgment Lien (access required)

Where debtors had no equity in their residence when creditor obtained a judgment against them or when debtors filed bankruptcy, they could not avoid creditor's prepetition lien on the residence on the ground that it impairs their homestead exemption. On August 6, 1990, creditor obtained a default money judgment against debtors and docketed this judgment in ...

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