Chapter 13 Eligibility/Lien Stripping Question

Post Reply
Yahoo Bot
Posts: 22904
Joined: Sun Oct 18, 2020 11:38 pm


If you have a situation wherein stripping a junior lien will put the Debtor over the eligibility threshold, can you simply strip part of the lien to stay within the unsecured limits, and treat the remainder of the loan as secured? Conceptually, it seems that this could be done, especially if the affected lienholder were to agree. Is is worth a shot?

The post was migrated from Yahoo.
Top
Post Reply

Return to “Yahoo Old Posts”