lien-stripping

lien-stripping

See lien.

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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.