Val, you must mean that you stripped the internal threads in the transmission casing right?
You aren't saying that the threads on the bolt are wiped off, are you?
Can I put a longer bolt with a washer and a nut? Or is there another fix?
If you're not kidding and the bolt is the part that is stripped (not the internal threads in the casing), hoo boy - that's a tough one.
But I'm sure someone will have a trick up their sleeve that will bail you out of this fix you've got yourself in.
Do you know anyone with a lathe that knows how to cut machine threads? Maybe you could find a short length of mild steel stock, turn it down to the correct OD and cut the threads in at the proper pitch. When you have that done, test it in the threaded bore in the casing.
If it screws in nicely, you have the rough form of a stud. Just crop it to the proper length (depth of the bore + thickness of the washer + 1 1/2 the thickness of the nut). Chamfer the threads at each end to remove any burrs. With the pan still off the casing, set the stud into the appropriate hole using the double nut method. A drop of Loctite Blue might not be a bad idea as well.
Done. Lift the pan into place, install the rest of the bolts, and thread a nut/washer onto the new stud. Go around the pan and torque the bolts/stud to normal spec.
After that, all you can do is pray. It's in God's hands from then on.
If only there was some place where a new bolt could be purchased for a reasonable amount - it would save so much time.
But it's like the old saying: "Yeah, and if my aunt had balls, she'd be my uncle"