“Can I Eliminate My Second Mortgage in a Chapter 13?”
If you owe more on your first mortgage than the property is valued at when you file, a proceeding might be filed in a Chapter 13 bankruptcy case to remove the lien of the second mortgage holder. When the you finish the Chapter 13 bankruptcy, the second mortgage debt would be removed, meaning discharged permanently.
Frank Ledbetter and is a bankruptcy attorney or, if you prefer, a bankruptcy lawyer specializing in Chapter 7, Chapter 13, and debt relief primarily in the St. Louis, MO and surrounding areas.
He has identified 13 questions all my clients should ask when considering filing for Chapter 7 or Chapter 13 bankruptcy and is sharing his responses in this blog.
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