1) What does "td" stand for?
2) When you asked if the your mortgage company could be included in the payment plan, did you mean providing a payment of less than your regular monthly mortgage payment.
Yes - "stripped" also means "cram down", and it is only available in Chapter 13 Bankruptcies, and only for second mortgages - unless you do not ever live in the property (the property is an investment property).
If the property is an investment property, a first mortgage can also be stripped/crammed down in a Chapter 13.
The second mortgage will be treated as if it was an unsecured debt. This means the payment the second mortgage will get does not depend on the interest rate, it will depend on the principal balance.
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