Lien-stripping financial definition of lien-stripping
References in periodicals archive
The complex issues involved with bankruptcy and foreclosure require that an attorney be knowledgeable in a variety of topics-from scrutinization to lien-stripping
of second mortgages.
In addition, the proposed rules prevent lien-stripping
whereby the auto lenders secured claim is reduced to current value of the vehicle at the time the borrower files for bankruptcy.