Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Question about chapter 13 bankruptcy? - I'm thinking of filing chapter 13 bankruptcy and I understand chapter 13 doesn't not wipe out secured debts. I have a 3rd mtg(HELOC) on my house that I'd like to wipe out. I read something called equity stripping where the HELOC is stripped and become unsecured and wiped out. -