John Rao, NACBA Vice President, and Judge Leif Clark presented the program on lien stripping. John Rao: language in Nobelman points to 506(a) to determine the creditor's status. Are they really a secured creditor subject to the modification prohibition of 1322(b)? If not, they can be stripped. Remember this isn't 522(f) lien avoidance. Exemptions play no part in analysis for 506 lien … [Continue reading...]