What is lien stripping?
- When you purchase a home, you agree to give back the property if you fail to make payments. That creates a lien that secures the debt, enabling the lender to collect by foreclosing on the house and selling it. A Chapter 13 bankruptcy might help you eliminate liens and eventually discharge that debt. If lien stripping seems to make sense for your situation, a local bankruptcy attorney can explain the process in greater detail.
- How long does the probate process take?
- How do I file for bankruptcy?
- How long does it generally take for a person's credit score to improve after bankruptcy?
- What is Chapter 7 bankruptcy?
- What is Chapter 13 Bankruptcy
- What do I need to start the bankruptcy process?
- Will bankruptcy eliminate all my debts?
- What are the differences between Chapter 7 and Chapter 13 bankruptcy?