Many of our clients are not only getting a fresh start via bankruptcy, but are also eliminating their second mortgages. In Chapter 13 bankruptcy, it is possible to keep your home and avoid your second mortgage entirely -- often saving tens of thousands of dollars.
This option is only available in Chapter 13. An old U.S. Supreme Court decision does not allow mortgage stripping in Chapter 7 bankruptcy cases.
More information:
http://www.wamorrislaw.com/mortgage-stripping.htm
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