How Lien Stripping Works in Chapter 13 Bankruptcy

Lien Stripping Chapter 13

Bankruptcy is never an easy process. However, it may become the best option for you. In this article, we will explain how lien stripping can work in your favor if you are severely struggling with multiple mortgages. As of now, lien stripping is only possible for Chapter 13 bankruptcy in the state of Georgia, not in Chapter 7 bankruptcy. For a homeowner wanting to save their house during bankruptcy, Chapter 13 will probably be the way to go.

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Because bankruptcy rules are many and sometimes complicated, it is always prudent to consult an experienced bankruptcy attorney about your choices. They may also be able to suggest alternatives to filing for bankruptcy. Our attorneys will work with your specific situation to determine your best options.

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