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my name is Ron Drescher Im an attorney practicing in bankruptcy and commercial litigation in Maryland Delaware Pennsylvania and Virginia now sometimes you have a situation where lets say the first the property is worth $200,000 and the first mortgage is worth a hundred and ninety five thousand dollars and the second mortgage is seventy thousand dollars in that case theres five thousand dollars securing that second mortgage in that situation if its your personal residence your primary residence cannot strip off or modify that lien because the Bankruptcy Code says you cant in chapter 13 or chapter 11 you cant do anything about that second mortgage you need to be very careful about whether in fact the rule prohibiting the modification of that lien on your primary residence applies why because sometimes when people are in a commercial setting and they give their home as collateral to secure a commercial loan that loan is also secured by business assets in that case the language of t