A Powerful, Affordable, Flexible Way to Catch up on Your Mortgage

Wasson and ThornhillHome Mortgages

Chapter 13 gives you a powerful, affordable, flexible, safe and successful method to catch up on your missed payment and save your home.   Chapter 7 “Straight Bankruptcy” and Chapter 13 “Adjustment of Debts” The two main consumer bankruptcy options are Chapter 7 and Chapter 13.Most Chapter 7 cases only takes a few months—usually 3 to 4 months—from filing to … Read More

Afford to Pay Your Home Mortgage through Bankruptcy

Wasson and ThornhillHome Mortgages

Chapter 7 clears away your other debts so that you can afford to pay your home mortgage. Chapter 13 does so by helping you deal with special debts.   Both Chapter 7 and Chapter 13 Improve Your Cash Flow A Chapter 7 “straight bankruptcy” case would very likely quickly write off (“discharge”) many of your debts. For many people it discharges most … Read More

Use Chapter 13 to Protect Home Equity

Wasson and ThornhillHomestead Exemption

Chapter 13 gives you a unique, safe, flexible, and practical way to protect home equity that is larger than your homestead exemption.   The Problem of Too Much Home Equity Our last two blog posts were about protecting the equity in your home through the homestead exemption. Two weeks ago was about protecting the current equity; last week about protecting future equity. The blog … Read More

Protect Future Home Equity with Bankruptcy Now

Wasson and ThornhillHomestead Exemption

An underappreciated benefit of filing bankruptcy now is that doing so will protect the equity that your home will build in the future.   Our last blog post discussed how to protect the equity currently in your home through the homestead exemption. We discussed property exemptions in bankruptcy in general, and federal and state homestead exemptions in particular. Overall we showed how … Read More

The Homestead Exemption in Chapter 7 Bankruptcy

Wasson and ThornhillHomestead Exemption

The homestead exemption protects the equity you have in your home. If you don’t have too much equity, consider Chapter 7 bankruptcy.   Our last two blog posts outlined 15 separate ways that bankruptcy can protect your home now and/or in the future. We’ll be explaining each one of these ways in 15 separate blog posts. Here is the first … Read More