Page 1 of 1

Chapter 13 Eligibility/Lien Stripping Question

Posted: Fri May 29, 2009 10:18 am
by Yahoo Bot

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.