Denver Bankruptcy Attorneys - Law Office of Andrew McKenna

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    303-730-8819
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    Contact us today at 303-730-8819, or use our CONTACT PAGE to request your free Telephone Consultation with Andrew F. McKenna, The Bankruptcy Attorney.

  • Stripping Junior Mortgages

    Some of us may owe second mortgages for one reason or another – or there are two mortgages to account for the cost of one home.  In any case in rough economic times you can’t make the payments.  If you have filed for bankruptcy and you want to save your house from creditors, call us at 303-730-8819.  A properly structured Chapter 13 can yield tremendous benefits in saving your home because stripping junior mortgages has helped many Colorado homeowners save their homes.

    Whether it is a second mortgage that covers a second house or supplements one home, you may be eligible to have your junior mortgage split.  Your mortgages are secured only if there is equity in the property (for both mortgages especially if there is more than one property). If there isn’t equity the debt becomes unsecured and puts many homeowners on edge.  Leveraging both mortgages can be a tricky proposition because both homes must maintain some equity for bankruptcy security.

    The mortgages can be reorganized under Chapter 13 and any liens removed.  In any case, we are junior mortgage attorneys in Denver that have years of experience in helping homeowners strip their junior mortgages.  Liquidating the junior mortgage may not even solve the problem in helping pay debts, but at the very least, they can be stripped in extreme cases.

    Both Chapter 7 and Chapter 13 have different laws that drive them in regard to junior mortgages. If you are unsure of what the process is or if you haven’t filed for bankruptcy yet get our opinion, backed by years of experience. The goal of bankruptcy isn’t for you to lose everything – it’s to help you start anew.

    We will make sure you understand everything that goes on so you won’t be left to wonder what will happen next.

  • ANDREW McKENNA’s CREDENTIALS

    20 Years of Experience
    NACBA Member
    Only represents consumers
    BBB Accredited, A+ Rating

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    Address:

    North Metro Denver Office – 11154 Huron
    St. Northglenn, CO 80234

    South Metro Denver Office – 3801
    E. Florida, Suite 400, Denver, CO 80222

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