Lien stripping in bankruptcy | The Law Offices of George Castrataro, P.A.

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Osenton Law Offices, P.A. -- Lien Stripping in Chapter 13 Bankruptcy  · The essential difference between a recourse and non-recourse loan has to do with which assets a lender can claim against if a borrower fails to repay a.

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Most Chapter 13 filers pay only a portion of their unsecured debt through their plan. For more details on lien stripping, see How to Strip a Second Mortgage or HELOC in Chapter 13. modifying mortgages: Cram Downs. In some instances, you can modify a mortgage in Chapter 13 bankruptcy so that the new principal equals the actual value of your home.

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