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Discharge Of New York Judgment Lien In Bankruptcy

Question:  (1) Whether a New York judgment lien be discharged in bankruptcy. (2) If it is not discharged in bankruptcy, then would a judgment lien be considered secured or unsecured?

Answer:

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A judgment is secured by your non-exempt property. In the event that you file for bankruptcy, the underlying debt may be discharged (depending upon what the debt was for) but the lien itself would remain. A bankruptcy lawyer would then need to make a motion to void the lien to the extent that it encumbers exempt property. Long answer that may not make sense until you sit down with a lawyer face-to-face to review the facts.