8th Circuit BAP Okays “Chapter 20” Lien Stripping on Unsecured Homestead 2nd Mortgage

Boot Camper Craig Andresen posted a big victory today when the 8th Circuit Bankruptcy Appeals Panel ruled that a wholly unsecured second mortgage on homestead property could be stripped in Chapter 13 bankruptcy, even if the debtor didn’t qualify for discharge because of a previous Chapter 7 bankruptcy. This is an important ruling for bankruptcy attorneys and their clients in …