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How Can Bankruptcy Help with Home Protection?

April 26, 2017Bankruptcy help Home home protection law firm law office legal advice vehicle repossession

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How Can Bankruptcy Help with Home Protection?

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If you are substantially behind on your mortgage payments but want to keep your home, filing for Chapter 13 bankruptcy may be your best choice. It will provide you with a plan for paying your mortgage delinquency over a period of five years. Also, if you owe more than your home is worth, you may be able to “cram down” your second mortgage in an effort to reduce the amount you owe until it is in line with fair market value.