I've heard if you file Chapter 13 you can possibly strip your second mortgage? How do they do this and under what circumstances is this done?
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07-21-2009 filed Chapter 13
05-02-11 CONVERTED TO CHAPTER 7
:
09-07-11 DISCHARGED !!!!!! -
We have a most excellent write up here...
Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
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Any advice provided is not legal advice, but simply the musings of a fellow bankrupt. -
It is possible. The value of your home must be less than the 1st mortgage therefore making the second mortgage unsecured.Comment
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