By Jeff Field | Published July 30, 2021 | Posted in Chapter 13 | Tagged Tags: Chapter 13 bankruptcy, deed in lieu of foreclosure, lien stripping, secured debt, unsecured debt | Leave a comment
One of the chief benefits of a Chapter 13 bankruptcy is the ability to shield your home from mortgage foreclosure. But what if you have a second or third mortgage or a home equity lien on the same property? Through a process known as lien stripping, you may be able to reduce or eliminate those Read MoreRead More
People in financial straits sometimes opt for a Chapter 13 bankruptcy, which lets them keep their property while they pay off either all or a reduced portion of their debt over time. Although it affords some relief, a Chapter 13 plan still puts pressure on debtors to repay. However, there is a way for them Read MoreRead More
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