Chapter 13 2nd Mortgage Lien Stripping
You may be able to strip your 2nd mortgage or home equity line of credit, Heloc, off of your home in a Chapter 13.
Bankruptcy Attorney David Nelson
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You may be able to strip your 2nd mortgage or home equity line of credit, Heloc, off of your home in a Chapter 13.
If you’re like most of us, you’re planning to retire on your 401k or other similar Retirement plan. And you’re wondering if Walmart and McDonalds will have too many “senior” team members when you get there.
Updated on June 13th, 2018.
While it is true that you may be able to strip these off of your home in a Chapter 13, in a Chapter 7, you may still be able to effectively ignore it (for a while) and keep your home.
THE BANKRUPTCY CODE SPECIFICALLY ALLOWS IT!
You may either make too much money or have too much equity in your assets, in which case, why bother?