Can I keep my house if I file Chapter 13? I am alm

4 Answers

It is good that you are almost done with your mortgage payments. How much do you owe on other debts? Have you tried out the other debt relief programs?

No, if you file Chapter 13 bankruptcy, you need not fear losing your home. Chapter 13 is also known as the repayment agreement, where you are required to make the payments against all of your debts only as per your affordability.

Chapter 13 is popularly known as wage earner's bankruptcy and the court appointed trustee will design a repayment plan according to your financial situation. You will not lose possession over your property if you file under chapter 13 bankruptcy. You can pay off the other debts through the repayment process and keep your house as well.    

Contact with a bankruptcy attorney and ask them!!!

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