Can a 2nd mortgage be stripped in a Chapter 7?

No, lienstripping is only available in Chapter 13.

Our 1rst mortgage shows as discharged in our chap 7 bankruptcy on our credit reports. Shows no balance due. What does that mean?

Unless you reaffirm a debt, you are not personally responsible for paying it. Your mortgage company can foreclose & take the property, but they...

If the IRA is an exempt asset, you can withdraw the money any time after you file Bankruptcy. However, the Bankruptcy Trustee can object to your...

In a bankruptcy, if assets were transfer within the last 2 years, can the transactions be reversed by the trustee or the court?

The Trustee can take action to reverse any transfers by a debtor. Typically, the Trustees look for transfers that were made without consideration...

Inquiry about chp13 BK/ repayment plan in CA- Need clarification California attorneys!!

You are correct that in a Chapter 13, you have to tighten your belt on your expenses & that you are only allowed a limited amount for necessary...

You will need to submit a new budget & a modified Chapter 13 Plan. (No point in continuing to have the Trustee pay your mortgage arrearages if you...

I am a creditor in a chapter 13 bankruptcy, do I have to get a lawyer to ask some quaestions about my calim?

When you file your claim, you will need to attach copies of the documents to prove your claim is legitimate. These papers should also show whether...

Do I need to include a apprasial with my chapter 13 filing for it to be lien stripped?

The Trustee doesn't strip the lien from your property, it is done by a Court proceeding in front of the Bankruptcy Judge. Whether the Judge will...

Chapter 13 Bankruptcy

Although mortgage companies react differently in different areas of the US, my experience is that when you file a Chapter 13 or a Chapter 7, the...

This seems to be an abbreviation relating to the topic POC (proof of claim). I haven't seen this one before, but I would guess it means Trustee...