I'm trying to understand lien stripping. If a federal tax lien is filed against me, is it for any assets of value like the house and car or ANYTHING I own that has value? If the value of the car and house combined minus the mortgages is way less than the lien, can the lien be stripped in a Chapter 13 or do they come after the balance?
If so, in a chapter 13, is the unsecured amount listed on the paperwork the stripped portion?
Thanks again.
If so, in a chapter 13, is the unsecured amount listed on the paperwork the stripped portion?
Thanks again.