Stripping a Second Mortgage with Chapter 13

Wasson and ThornhillHome Mortgages

Under the right circumstances bankruptcy can strip a second (or third) mortgage off your home’s title, and radically reduce how much you pay.   Summary Do you have a second or third mortgage on your home? Imagine if you could stop paying that monthly mortgage payment. Imagine over the course of the next 3 to 5 years paying only as … Read More

Chapter 7 Buys You Crucial Time to Move before Foreclosure

Wasson and ThornhillForeclosure

Every month you can put off foreclosure buys you crucial time to get money together to make your move to your next housing.     Last week we went through a list of ways Chapter 7 buys you time when dealing with a home foreclosure. Included was that filing a Chapter 7 case “can give you time to surrender your … Read More

Chapter 13 Gives More Time to Sell Your Home

Wasson and ThornhillHome Foreclosures

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

Use Chapter 13 to Buy Much More Time for Your Home

Wasson and ThornhillHome Mortgages

The advantages of Chapter 13 are more time and more flexibility in catching up on your unpaid mortgage payments. Lots better than Chapter 7.   Two blog posts ago we said Chapter 7 buys some time with your home mortgage while Chapter 13 buys much more time. We then showed how Chapter 7 can help. Today we get into how … Read More

What Is Chapter 13 Bankruptcy?

Wasson and ThornhillChapter 13

Chapter 13 is a creative and flexible way to deal with your debts, often much more powerfully that a Chapter 7 “straight bankruptcy” can.