| One of the most powerful provisions of a Chapter 13
bankruptcy is the ability to get caught up on delinquent
mortgage payments. You can cure a mortgage loan default
and save your home from foreclosure through a Chapter 13
payment plan. With a Chapter 13 payment plan, your
bankruptcy filing immediately stops the foreclosure
process and you get the opportunity to pay the
delinquent mortgage payments over the next 3 to 5 years.
You will have to continue making your regular mortgage
payments after you file, but there is no better way to
save your home from foreclosure if you are at least 3 or
more payments delinquent |
