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Lien stripping question. Help please

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    Lien stripping question. Help please

    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.
    Filed Chapter 7 (Primarily Business Expenses) 04/10/2008 FICO 468 :cry:
    341 on 05/06/08:unsure:House appraisal on day 63:blink: 07/10/2008 Discharged-Asset Case!!!:yahoo:08/09 Transu 559, Equifax 636, Experian 647
    Case Closed 07/15/2009 :D:yahoo:

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