The Law Office of Andrew Magdy
Saint Louis Bankruptcy

Andrew's Blog

Everything You Need To Know About Bankruptcy In Saint Louis

Posts in Liens
Lien Stripping – Remove Your Second Mortgage by Filing a Chapter 13 Bankruptcy

One of the major advantages to filing a Chapter 13 Bankruptcy is that you may be able to “strip” your second mortgage. This means that in your Chapter 13 Bankruptcy you may be able to convert your second mortgage to unsecured debt and when you complete your Chapter 13 Bankruptcy and receive your discharge your second mortgage will be complete eliminated! This could save you tens of thousands of dollars!   

Read More