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Tag: filing for chapter 13

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Protecting Your Home Equity and Bankruptcy

Many who find themselves in financial straits worry about the fact that they have worked hard to purchase a home and pay substantial sums of money towards paying off the loan so they could own outright. When the time comes that you realize that you are about to be sued for nonpayment, the first thing […]

Chapter 13 Lien Stripping: Stripping the Additional Mortgages from Your Home

When filing for Chapter 13 petitioners have the option of “lien stripping.” The drastic drop in the value of homes in many regions throughout the nation in recent years has left many homeowners “upside down” in their homes. This well known saying means that the homeowner owes far more on the house than it is […]