Ride plate bolt spins

Location
NY
Hey guys just picked up a superjet. Steering cable is snapped and was taking ride plate off to get at that cable nut. The last holt to the ride plate is stripped inside the insert. What’s the best way to go about removing it? Thank you! Trying to get a water test in tomorrow
 
Location
NY
This happened to one of my skis, we put pressure on the bolt with a screwdriver and slowly turned it with a wrench, then fixed the insert by grinding around it slightly and filling with fresh epoxy
That sounds like a much more gentlemen route then ripping the thing right out. I like it!!!
 
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