Cure Past Due Home Mortgage and Automobile Payments
Chapter 13 Bankruptcy is effective in handling past due home and/or automobile payments. While unlike 2nd and 3rd mortgages, the Bankruptcy Law does not allow for the removal or alteration of the 1st Mortgage. However, to save your home from foreclosure, our attorney will formulate a plan for you to make manageable payments on the past due portions over the course of 3 to 5 years. Furthermore, we will propose the repayment at zero percent (0%) interest.
Pay the Value of Your Vehicle not the Amount Owed
If you financed your vehicle, the chances are that you are upside down on it, that is you owe more than it is worth. Chapter 13 Bankruptcy may allow you to pay the fair market value of your vehicle regardless of how much is owed. If you purchased your vehicle over 910 days prior to filing for Chapter 13, this option may save you thousands of dollars.