The Bankruptcy Code offers a number of interesting code sections that allow for reorganization of secured debt.\u00a0 The most secured debt that people have are their cars and their homes.\u00a0 The Bankruptcy Code allows a person that files either Chapter 11 or Chapter 13 to \u201cstrip off\u201d a wholly unsecured mortgage.\u00a0 There is an analysis when the case is originally filed as to whether or not the second mortgage has any equity to secure against.\u00a0 After the 2008 market recession in the United States, thousands of people benefitted from the laws that allowed second mortgages to be \u201cstripped\u201d away from the property.\u00a0 With the market rebounding, especially in the Bay Area, lien strips occur much less frequently in cases.\u00a0 Our attorneys have been cited as experts in this area of the law by the local press, See the Article in the San Jose Mercury News about this area of the law.<\/p>\n","protected":false},"excerpt":{"rendered":"