If you need more time to sell your home, you can usually get more time than under Chapter 7. Can maybe even delay selling for several years. Our last blog post was about the relatively long time Chapter 13 gives you to catch up on your mortgage. Besides the 3 to 5 years it gives you, Chapter 13 also … Read More
Getting Current on Your Mortgage, on Your Own Terms
If you’ve fallen behind on your mortgage, it’s very hard to catch up. It may even seem impossible. Chapter 13 makes it possible.
Chapter 13 Buys Time and Protects You
Chapter 13 is very different from Chapter 7 “straight bankruptcy.” It buys you time to deal effectively with your special debts.
Illustrating the Option of Home Surrender Much Later under Chapter 13
Here’s an example of how Chapter 13 can allow you to hold onto your home but then change your mind about it later.
Catch Up on Home Property Taxes through Chapter 13
If you are behind on property taxes on your home, Chapter 7 often doesn’t give you enough time to catch up. But Chapter 13 likely would.
Curing Your Home Mortgage under Chapter 13
Chapter 13 gives you much more time to catch up on your unpaid mortgage payments. That can be reason enough choose this option.
A Fresh Start through a Forbearance Agreement
Whether you’re about to fall behind on your mortgage or have already done so, a forbearance agreement avoids foreclosure while you catch up.
Chapter 7 vs. Chapter 13–Property Tax Debt
Bankruptcy helps with your property taxes either by writing off your other debts or by buying you more time to catch up.
Avoid Selling Your Home under Creditor Pressure, Buy Time until a Better Time
Bankruptcy can buy you a few more months or even several years, so you can sell your home when you’re financially and personally ready.
Prevent Judgment Liens against Your Home
Don’t let a creditor get a judgment against you. File a bankruptcy case before that can happen.
Mistakes You Can Avoid When Considering Bankruptcy
Decisions that seem to make sense at the time can end up being against your best interest. Hereâs what to look out for.
Protect Your Home from Foreclosure with the “Automatic Stay”
Either Chapter 7 or 13 will stop a foreclosure, even if your lender unintentionally or purposely proceeds with the foreclosure sale.
5 More Powerful Ways Chapter 13 Saves Your Home
Here are 5 additional tools that come with Chapter 13, each one neatly solving a different challenge to your home.
Making Sense of Bankruptcy: Choosing between Chapter 7 and Chapter 13 to Save Your Home
If you’re behind on your home mortgage, when would a Chapter 7 regular bankruptcy be enough vs. needing the benefits of a Chapter 13 plan?
New Year Resolution #2: Find Out How Bankruptcy Can Save Your Home
Chapter 7 “straight bankruptcy” & especially Chapter 13 “adjustment of debts” come with some truly powerful tools for preserving your home.
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