Posted on: 01st Feb, 2011 03:42 pm
if a second mortgage is shown on the bankruptcy discharge paper was it stripped?
welcome elfig,
lien stripping takes places in case of chapter 13 bankruptcy. if you filed chapter 7 and got a discharge from it, then it means that you're not personally liable for paying off the dues but the lender can foreclose the property in order to recover his dues.
lien stripping takes places in case of chapter 13 bankruptcy. if you filed chapter 7 and got a discharge from it, then it means that you're not personally liable for paying off the dues but the lender can foreclose the property in order to recover his dues.