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May I keep my house in a Chapter 13 bankruptcy?

  • By: John Clark
  • Published: August 12, 2020

Yes. Under a Chapter 13 plan, you must prove to the Bankruptcy Court that you have sufficient income to once again start paying your monthly mortgage payments. You must also prove to the Court that you can pay the past due amounts to your mortgage lender (the “arrears”) spread out over the plan period (between 3-5 years) with no interest. As long as you can restart your monthly mortgage payments, and pay the arrears over 3-5 years, then your mortgage lender is prevented from foreclosing on your home.

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