I understand that Lien Stripping is not allowed in a chapter 7 bk. Most of my findings are old, are there any new laws that have passed recently that allow this?
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Filed Ch7 12/11/09 | 341: 1/20/10 | Discharge: 3/23/10 -
No, but many people with "unsecured" second mortgages attempt to settle after the discharge of a chapter 7.
If you want to guarantee that the 2nd lien is stripped, you'll need to file a chapter 13.Filed Chapter 13 on 2-28-10. 341 completed 4/14/10. Confirmed 5/14/10. Lien strip granted 2/2/11
0% payback to unsecured creditors, 56 payments down, 4 to go.... -
I'm just days away from my ch. 7 discharge....I hope. I'm just trying to find a way to possibly stay in my house. I'm not going to keep it considering it's worth $40k less than I owe now. If I can get the mortgage down to what its worth then I'll consider keeping it. Is there any way to do this? I have a 1st and 2nd mortgage on it. The second mortgage is about $18k.Filed Ch7 12/11/09 | 341: 1/20/10 | Discharge: 3/23/10Comment
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