Legal Question in Bankruptcy in California
Under 11 U.S.C.A. section 1325(a) what restrictions apply to lien-stripping secured claims in Chapter 13?
Asked on 8/21/15, 6:20 pm
1 Answer from Attorneys
Charles Andersen Charles Andersen, Atty
Value of the property is the primary consideration. Many claims that are partially secured can be bifurcated, however you cannot lien strip a first principle mortgage on your residence.
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Answered on 8/22/15, 8:57 am
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