Bankruptcy Lien Stripping Allowed in Minnesota

The Bankruptcy Appellate Panel for the 8th Circuit has agreed with the other nine circuits that have have ruled in favor of second mortgage lien stripping in chapter 13. This means that people in Minnesota are now able to strip, or get rid of, second and third mortgages through bankruptcy, in appropriate cases. This case, In re Fisette, involved a debtor who filed a chapter 13 bankruptcy.

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