Can bankruptcy help me if I have multiple lien on property? How can it help with my second mortgage?

1 Answers
Votes: 
-3 votes
+
Vote up!
-
Vote down!

Bankruptcy usually can't help you with secured debts. So, liens usually survive a bk discharge.

However, second or third mortgages may be considered as unsecured debt, but only if the property value falls even below the value of your first mortgage.


Ask Question

Waterfall approach to debt free ™

Legal debt relief methodology that works based on your financial conditions. Learn more »

BBB-A--Rating