Coral Springs Second Mortgage and Bankruptcy Lawyer

Helping Florida Homeowners With Problem Second Mortgages

If the value of your main home has dropped below the balance of your first mortgage, you might be able to eliminate your second mortgage by filing Chapter 13 bankruptcy. To learn more about stripping second mortgages via Chapter 13 bankruptcy, make an appointment for a free consultation at the bankruptcy law offices of Michelle Armstrong, P.A. in Coral Springs.

Starting in 1995, attorney Michelle Armstrong has built her law practice on the foundation of deep substantive knowledge and respect for clients. She believes in using everyday language with her clients and in using critical thinking and strategic planning to help individuals in financial crisis escape from crushing and unrealistic debt loads.

Together with her professional staff, Michelle operates a small law practice that values quality over quantity. What's important is that each client leaves our office relieved to have found a trustworthy advocate who can clearly and confidently describe the most appropriate path toward future financial stability.

Contact the law offices of Michelle Armstrong, P.A. today at 954-282-6090 to get help with digging out from under your mountain of debt.

How Chapter 13 Bankruptcy Can Help You Strip Your Second Mortgage

Under Chapter 13 bankruptcy, you will file a payment plan with the bankruptcy court to pay back all or a portion of your unsecured debt over three to five years. This debt reorganization plan lowers your monthly payments to creditors. Lower monthly debt payments may allow you to come current on your first mortgage so you can keep your home.

But what if you have a second mortgage? In certain circumstances, you may be able to avoid paying a second mortgage via a Chapter 13 bankruptcy. To be successful in "lien stripping," as it is known, it helps to have assistance from an attorney with years of experience doing these complicated types of Chapter 13 filings. It may be possible to reclassify your second mortgage as an unsecured debt. If so, then the second mortgage joins your other unsecured debt and you make whatever reasonable payments are possible as part of your Chapter 13 repayment plan. After the repayment period, any remaining unsecured debt — including a second mortgage — will be discharged.

Contact Us

Michelle Armstrong is a skilled Broward County bankruptcy attorney with more than 15 years of experience who thoroughly understands this complicated area of law. If you are struggling to make mortgage payments or have been denied a mortgage loan modification, she will determine if filing Chapter 13 bankruptcy can eliminate your second mortgage.

Contact our office in Coral Springs, Florida, to schedule a free initial consultation. For your convenience, we work with an associated bankruptcy attorney in Plantation.