Joe and Kim had a second mortgage on their Rockwood home. Like many Americans when the housing market collapsed in 2009, they were left owing more than double what their house was worth just a few years before. They came to us for help. We were able to take advantage of a Chapter 13 bankruptcy rule commonly called a “lienstrip” action. Basically, when a person owes a second mortgage, but their first mortgage is already more than their house is worth, they can discharge the second mortgage in a Chapter 13 bankruptcy and “strip” its lien off their house. Joe and Kim are now in a court-approved Chapter 13 repayment plan for $360 per month. At the end of it, they will have wiped out their $40,000 second mortgage.