Ask our clients!

I want to thank you for the way you handled every step of my case. Your office was very professional in the handling of my information and you were always prompt in responding to any questions that came up along the way. You and your team helped my family get through an otherwise difficul time and for that I want to say thank you!

-- MW, Aurora, Colorado

It's challenging to locate an experienced bankruptcy attorney who is so diligent in working with clients. Frequent/daily email contact was a time efficient manner in which all communications were clearly handled. Thanks for doing a great job in handling my case!

-- KH, Calhan, CO

Mortgage Stripping -- Keep your house, lose a mortgage

In the current real estate market, many people may be able to keep their homes while eliminating their second mortgages entirely. This process is commonly called "lien stripping" and is available when the value of your house is less than what you owe on your first mortgage. In such cases, the second mortgage is wholly unsecured because there is no equity in the house to cover any portion of the second mortgage.

Mortgage stripping is only available in a Chapter 13 case. However, if you have a $50,000 second mortgage, it is often well-worth filing a Chapter 13 plan and in most cases making relatively small payments in exchange for elimination of your second mortgage. One of the common misconceptions people hold about filing Chapter 13 is that creditors must be repaid in full. In the vast majority of cases, creditors only receive pennies on the dollar in Chapter 13.

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