By Don White | Published July 25, 2020 | Posted in Bankruptcy Law | Tagged Tags: bankruptcy protection, collateral, lien stripping, secured loans | Comments Off on How Lien Stripping Works in Chapter 13 Bankruptcy
If you are like most homeowners, you purchased your house with a mortgage, which is a lien on the property that the lender can use to enforce payment of the loan. This first mortgage takes priority over any subsequent liens, such as those used to secure home equity loans or lines of credit. However, if Read More
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