Eliminating second mortgages is possible through a Chapter 13 bankruptcy.
The way to do it is to file for Chapter 13 bankruptcy, and it's known as a lien stripping case.
We have to be able to show the court that the home is worth less than the amount that is owed on the first mortgage.
If we can show that and we can show that the second mortgage is wholly unsecured, then we can get that second mortgage treated as an unsecured creditor in a Chapter 13 and only pay back what we can afford.
Oftentimes, we can pay back 0% and just reorganize on something else.
Sometimes we have to pay back a small percentage.
But it is possible to eliminate a second mortgage through a Chapter 13 bankruptcy.