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
If you own a home with a qualifying 2nd or 3rd mortgage, one of the best reasons to file a Chapter 13 case is to “strip” off that mortgage.
Chapter 7 strengthens your hand with your secured debts. But Chapter 13 can be much stronger. Starting with a more potent “automatic stay.”
It’s way past Thanksgiving but Chapter 13 has many features that make you take notice and appreciate what they can accomplish.
Have the flexibility to sell your home when you want, giving time for it to add equity, while keeping creditors away from that equity.
Chapter 13 is a tremendously flexible way to pay as much as your budget allows, over a reasonable time, and then write off the rest.
Chapter 13 is a creative and flexible way to deal with your debts, often much more powerfully that a Chapter 7 “straight bankruptcy” can.
What happens in and around the “Meeting of Creditors” in a Chapter 13 case?
When it’s smart to file a 3-to-5-year Chapter 13 case to prevent a home foreclosure and be able to keep it permanently, or to sell it later.
A simple Chapter 13 case can be filed to do ONE special thing better than a Chapter 7 one could do, or to do MULTIPLE things better.
Chapter 13 is bristling with tools to help you manage your mortgage and vehicle loan.