One of the major advantages to filing a Chapter 13 Bankruptcy is that you may be able to “strip” your second mortgage. This means that in your Chapter 13 Bankruptcy you may be able to convert your second mortgage to unsecured debt and when you complete your Chapter 13 Bankruptcy and receive your discharge your second mortgage will be complete eliminated! This could save you tens of thousands of dollars!
Read MoreAre you considering filing bankruptcy, but concerned some of your personal possession could be taken by a creditor? There are lots of companies that offer you quick loans in return for a “security interest” in your personal possessions, like your TV or your computer. These companies will threaten to take the property if you don’t pay them. Can bankruptcy help?
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