Help needed with removal of stripped out bolt

[William]

I have Bar Pin Elminators on the rear shocks. I'm replacing the shocks, and last night when looking over the shocks I notice one bolt that is holding in the BPE is sticking down. I put a wrench on it and it wouldn't budge either way. Now I didn't put a lot of force on it with the tire still on, it was late, and my only intention was to tighten it up if it were loose. But I have a feeling it's stripped in place. If so this is a hard spot to get at, even with the tire and axle off.

And to boot it's an allen head bolt, with are notorius for stripping out.

Is there a good way to remove this bolt, or am I going to have to cut it off, drill it out and then re tap the hole?

[TJRON]

An option you may need to look at is opening up the tub above the stripped nut/bolt to gain access.
You can cut the tub sheet metal and peel it back, do the work and then weld (or duct tape) the metal back in place.
I ended up doing this to mine so I could put the BPEs on top of the nuts so my shocks could compress more.
I used the duct tape method because I'll have to get back in there to change shocks.