Why Chapter 13 Saves Your Home
- 2 days ago
- 1 min read
Special Episode 5, Short 3
For homeowners facing financial pressure, lien stripping is only available through Chapter 13 or Chapter 11, not Chapter 7.
Since Chapter 7 is a liquidation plan, it does not allow the removal of unsecured mortgages tied to a property.
Chapter 13 stands out as a practical option for those who want to keep their home while reducing debt, offering a structured path to manage payments instead of walking away from the property.
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Contact Newport Beach Real Estate Attorneys today -- go to NewportBeachRealEstateAttorney.com or call (800) 233-8521 for a complimentary phone consultation.
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