Hopefully the screw is stripped and not the receiver hole. If the receiver hole is stripped you might be able to have someone "helicoil" it but I've never heard of doing that to a rifle. In fact, I've never heard of anyone stripping a screw (or reciver thread) as the receiver and screw are both hardened. That must have been one yo-yo gunsmith you took it to and it makes sense he'd go out of business. If you want to get serious have the stock pillar and glass bedded and make sure the barrel is free floated (after you've fixed the screw).
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