{"id":814,"date":"2013-10-11T23:11:01","date_gmt":"2013-10-11T23:11:01","guid":{"rendered":"http:\/\/bankruptcy.thompsonwedeking.com\/?p=814"},"modified":"2014-03-11T23:14:31","modified_gmt":"2014-03-11T23:14:31","slug":"san-diego-lien-stripping-your-secret-weapon","status":"publish","type":"post","link":"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/","title":{"rendered":"San Diego Lien Stripping &#8211; Your Secret Weapon"},"content":{"rendered":"<h2>Don\u2019t Miss Out On The Most Powerful Tool In Consumer Bankruptcy<\/h2>\n<p>As a <a title=\"Chapter 13 Debt Relief\" href=\"http:\/\/bankruptcy.thompsonwedeking.com\/practice-areas\/chapter-13-debt-relief\/\">San Diego Chapter 13 Attorney<\/a>, I can tell you that because of the decline in housing values, we have seen a little known bankruptcy rule gain incredible momentum and power. I submit to you, without hesitation, that this rule is the most powerful tool in consumer bankruptcy right now. This rule is known as \u201clien stripping.\u201d Lien Stripping is the ability of the bankruptcy court to convert secured debt into unsecured debt. If the debt is unsecured, then it can be eliminated at the time of discharge. That\u2019s right, eliminated at the time of discharge.<\/p>\n<p>There are a couple of conditions on this process, so let\u2019s see how this works. First, let\u2019s assume you own a home (even though this may work with other debts) and that home is worth $300,000.00. The home was probably worth quite a bit more a few years ago. Next, we look at what you owe on the home. Let\u2019s say you owe $310,000 on a first mortgage and $90,000.00 on a second mortgage for a total of $400,000.00 in debt.<\/p>\n<p>In this particular case, our San Diego Chapter 13 lawyers would make a motion with bankruptcy court to strip away the second mortgage. That\u2019s right! Because there is no equity in your home, the second mortgage lacks any security. It is, therefore, unsecured and dischargeable. Before the Chapter 13 filing, you were $100,000 upside-down on your property. After the Chapter 13 bankruptcy you are only $10,000 upside-down. How powerful is that?!<\/p>\n<p>Our Award Winning <a title=\"About the Firm\" href=\"http:\/\/bankruptcy.thompsonwedeking.com\/about-the-firm\/\">bankruptcy attorneys<\/a> have been helping people get rid of their 2nd mortgages since 1976. We recommend that all homeowners who have two mortgages, and are upside-down on their property, give us a call for a free consultation. We can give you all your options and see if a Chapter 13 can help you reduce your mortgage payments and get you close to having positive equity in your property. You really can take advantage of low home prices. Call our office today for a free confidential consultation, download a copy of our <strong>FREE<\/strong> <a title=\"The California Guide to Bankruptcy\" href=\"http:\/\/bankruptcy.thompsonwedeking.com\/report\/the-california-guide-to-bankruptcy\/\">California Guide to Bankruptcy<\/a> or find out how you can become a client right away!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Don\u2019t Miss Out On The Most Powerful Tool In Consumer Bankruptcy As a San Diego Chapter 13 Attorney, I can tell you that because of the decline in housing values, we have seen a little known bankruptcy rule gain incredible momentum and power. I submit to you, without hesitation, that this rule is the most [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chapter 13 Bankruptcy || Thompson | Wedeking<\/title>\n<meta name=\"description\" content=\"The Thompson Wedeking Bankruptcy article library provides all the information you need on Chapter 7, Chapter 11, and Chapter 13 Bankruptcy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chapter 13 Bankruptcy || Thompson | Wedeking\" \/>\n<meta property=\"og:description\" content=\"The Thompson Wedeking Bankruptcy article library provides all the information you need on Chapter 7, Chapter 11, and Chapter 13 Bankruptcy.\" \/>\n<meta property=\"og:url\" content=\"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/\" \/>\n<meta property=\"og:site_name\" content=\"Bankruptcy Lawyer\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-11T23:11:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-03-11T23:14:31+00:00\" \/>\n<meta name=\"author\" content=\"Anthony Thompson\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anthony Thompson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/\",\"url\":\"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/\",\"name\":\"Chapter 13 Bankruptcy || Thompson | Wedeking\",\"isPartOf\":{\"@id\":\"http:\/\/www.thompsonlawsd.com\/#website\"},\"datePublished\":\"2013-10-11T23:11:01+00:00\",\"dateModified\":\"2014-03-11T23:14:31+00:00\",\"author\":{\"@id\":\"http:\/\/www.thompsonlawsd.com\/#\/schema\/person\/b5169a5a9a5acc32c3aab8b542f933e9\"},\"description\":\"The Thompson Wedeking Bankruptcy article library provides all the information you need on Chapter 7, Chapter 11, and Chapter 13 Bankruptcy.\",\"breadcrumb\":{\"@id\":\"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\/\/www.thompsonlawsd.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"San Diego Lien Stripping &#8211; Your Secret Weapon\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\/\/www.thompsonlawsd.com\/#website\",\"url\":\"http:\/\/www.thompsonlawsd.com\/\",\"name\":\"Bankruptcy Lawyer\",\"description\":\"A Slingshot Law Firm\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\/\/www.thompsonlawsd.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"http:\/\/www.thompsonlawsd.com\/#\/schema\/person\/b5169a5a9a5acc32c3aab8b542f933e9\",\"name\":\"Anthony Thompson\",\"url\":\"http:\/\/www.thompsonlawsd.com\/author\/interactive\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chapter 13 Bankruptcy || Thompson | Wedeking","description":"The Thompson Wedeking Bankruptcy article library provides all the information you need on Chapter 7, Chapter 11, and Chapter 13 Bankruptcy.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/","og_locale":"en_US","og_type":"article","og_title":"Chapter 13 Bankruptcy || Thompson | Wedeking","og_description":"The Thompson Wedeking Bankruptcy article library provides all the information you need on Chapter 7, Chapter 11, and Chapter 13 Bankruptcy.","og_url":"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/","og_site_name":"Bankruptcy Lawyer","article_published_time":"2013-10-11T23:11:01+00:00","article_modified_time":"2014-03-11T23:14:31+00:00","author":"Anthony Thompson","twitter_misc":{"Written by":"Anthony Thompson","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/","url":"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/","name":"Chapter 13 Bankruptcy || Thompson | Wedeking","isPartOf":{"@id":"http:\/\/www.thompsonlawsd.com\/#website"},"datePublished":"2013-10-11T23:11:01+00:00","dateModified":"2014-03-11T23:14:31+00:00","author":{"@id":"http:\/\/www.thompsonlawsd.com\/#\/schema\/person\/b5169a5a9a5acc32c3aab8b542f933e9"},"description":"The Thompson Wedeking Bankruptcy article library provides all the information you need on Chapter 7, Chapter 11, and Chapter 13 Bankruptcy.","breadcrumb":{"@id":"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/www.thompsonlawsd.com\/san-diego-lien-stripping-your-secret-weapon\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/www.thompsonlawsd.com\/"},{"@type":"ListItem","position":2,"name":"San Diego Lien Stripping &#8211; Your Secret Weapon"}]},{"@type":"WebSite","@id":"http:\/\/www.thompsonlawsd.com\/#website","url":"http:\/\/www.thompsonlawsd.com\/","name":"Bankruptcy Lawyer","description":"A Slingshot Law Firm","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/www.thompsonlawsd.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"http:\/\/www.thompsonlawsd.com\/#\/schema\/person\/b5169a5a9a5acc32c3aab8b542f933e9","name":"Anthony Thompson","url":"http:\/\/www.thompsonlawsd.com\/author\/interactive\/"}]}},"_links":{"self":[{"href":"http:\/\/www.thompsonlawsd.com\/wp-json\/wp\/v2\/posts\/814"}],"collection":[{"href":"http:\/\/www.thompsonlawsd.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thompsonlawsd.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thompsonlawsd.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thompsonlawsd.com\/wp-json\/wp\/v2\/comments?post=814"}],"version-history":[{"count":0,"href":"http:\/\/www.thompsonlawsd.com\/wp-json\/wp\/v2\/posts\/814\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.thompsonlawsd.com\/wp-json\/wp\/v2\/media?parent=814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thompsonlawsd.com\/wp-json\/wp\/v2\/categories?post=814"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thompsonlawsd.com\/wp-json\/wp\/v2\/tags?post=814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}