Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Your ability to save your home is more limited in bankruptcy than it would be by negotiating a repayment with the lender, or by refinancing.
Assuming that you cannot refinance, then a Chapter 13 bankruptcy would allow you to catch up your mortgage payments in from 3-5 years, assuming that you are behind in your payments. Otherwise, bankruptcy will do nothing to help you with your payments, except as it would permit you to limit your unsecured creditor payments (i.e., revolving credit).
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