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Ellen
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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DO YOU HAVE TO WAIT FOR A BANKRUPTCY DISCHARGE BEFORE SOMEONE

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DO YOU HAVE TO WAIT FOR A BANKRUPTCY DISCHARGE BEFORE SOMEONE CAN HELP WITH A LOSS MITIGATION TO SAVE YOUR HOME FROM FORECLOSURE? I AM IN A BANKRUPTCY NOW AND CANNOT AFFORD BOTH THE BANKRUPTCY AND HOME. HOWEVER, WITHOUT THE BANKRUPTCY I CAN AFFORD MY HOME THANK YOU
Are you in a Chapter 7 or 13?
Customer: replied 8 years ago.
I AM I THINK CHAPTER 7. ITS THE ONE WHERE I AGREED TO PAY MY CREDITORS MONTHLY FOR 5 YEARS.

Hello,


Thank you for your question. I am happy to assist you.


You appear to be in a Chapter 13, a repayment plan.


You can consider amending your Chapter 13 plan to include a repayment plan for your mortgage. Typically the plan would be modified to reduce the amouont paid to unsecured creditors to allow you to be able to make the payments and reinstate your mortgage arrearages over a 3 -5 year period.


I hope that the information which I provided was helpful to you.


Best wishes for a successful outcome. If you have additional questions, please do not hesitate to submit them to me directly.


Thank you,
FLAandNYLAWYER


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Ellen and 2 other Bankruptcy Law Specialists are ready to help you