Getting Rid of Second Mortgages in Chapter 13 Bankruptcy .... If you complete
the plan, anything left on the mortgage is discharged (wiped out). This all means
Sep 10, 2013 ... Dear Bankruptcy Adviser, I have a house in California, and I modified my first
loan in 2011. I have been making my new payments on time.
Chapter 13 bankruptcy allows you to catch up on missed mortgage or car loan ...
When you complete your plan, you will receive a Chapter 13 discharge that ... a
wholly unsecured junior lien (such as a second mortgage) from your house ...
One plus to filing for Chapter 13 bankruptcy is that you may be able to get rid of
second or ... How to Strip a Second Mortgage or HELOC in Chapter 13 ... are
done with the three or five year plan, the remainder of the debt will be discharged
If you want to eliminate your discharged second mortgage's lien in Chapter 13
bankruptcy, you must first complete your three-to-five-year repayment plan.
Mar 19, 2012 ... Thus, a second mortgage can be stripped off, put into the Chapter 13 plan, and
paid off at the same percentage as the other general unsecured ...
Filing for Chapter 13 may allow homeowners to have their second mortgage
dismissed and discharged. Find out how Chapter 13 bankrupt could help.
How to Discharge a Second Mortgage in Chapter 13 Bankruptcy. Bankruptcy
discharge releases the debtor from liability on the part of the debt. The debtor is
Aug 3, 2014 ... The topic of mortgage strip offs and strip downs in bankruptcy, which generally
affect ... thus there is no equity to secure the second mortgage, which may be
stripped off. ... Is Strip Down Possible In Chapter 13 Bankruptcy? ... have been
had the debtor filed chapter 13 without a prior chapter 7 discharge.
May 5, 2010 ... When a debtor files for Chapter 13 bankruptcy and has a second mortgage he/
she just may be able to win a bankruptcy discharge for the ...