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How can Chapter 13 prevent home foreclosure?

April 26, 2017Chapter 13 foreclosure Home

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How can Chapter 13 prevent home foreclosure?

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Under federal bankruptcy law, foreclosure efforts must stop immediately once a bankruptcy is filed. In Chapter 13 (Oregon), the debtor generally continues with regular monthly mortgage payments, and cures the mortgage arrearage as part of the Chapter 13 Plan over 3-5 years.