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
Lien stripping in Chapter 13 bankruptcy refers to the process of eliminating ... So
if you had a second mortgage with a balance of $100,000, you can get rid of it ...
After discharge, your lender for the stripped lien will be required to remove its ...
How to Strip a Second Mortgage or HELOC in Chapter 13 ... when you are done
with the three or five year plan, the remainder of the debt will be discharged.
Chapter 13 bankruptcy allows you to catch up on missed mortgage or car loan ...
In general, a bankruptcy discharge doesn't eliminate liens from your property. ... a
wholly unsecured junior lien (such as a second mortgage) from your house ...
Filing for Chapter 13 may allow homeowners to have their second mortgage
dismissed and discharged. Find out how Chapter 13 bankrupt could help.
Mar 25, 2010 ... Bankruptcy Second Opinion: Why Chapter 13? Chapter ... Minnesota Second
mortgage unrecorded discharged charged off chp 7 BK. Is bank ...
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.
Oct 21, 2015 ... Usually in bankruptcy a lender's rights to its collateral are respected and
protected. ... If you file a Chapter 13 to strip your second or third mortgage you ...
income taxes that are not old enough to be discharged (written off), any ...
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 ...
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.