What happens to your second mortgage in chapter 13?

Answer Chapter 13 bankruptcy appeals to many people facing debt because it allows you to keep your home. Mortgage payments are still paid on the first mortgage to avoid foreclosure. However, depending on ... Read More »

Top Q&A For: What happens to your second mortgage in chapter 13

Can you get a mortgage while in Chapter 13 bankruptcy?

Yes, it is possible to get a mortgage while involved in a Chapter 13 bankruptcy, but several specific requirements must be met. Permission must be obtained from the bankruptcy trustee before applyi... Read More »

How to Remove a Second Mortgage and Possibly Using Chapter 13?

You can eliminate your 2nd mortgage from your home. Learn how you can completely eliminate your second mortgage.

How to Discharge a Second Mortgage in Chapter 13 Bankruptcy?

Bankruptcy discharge releases the debtor from liability on the part of the debt. The debtor is no longer required to pay any debt that is discharged, and creditors cannot take action to recover the... Read More »

How to Pay Advance Mortgage Payments Before Filing Chapter 7?

Chapter 7 bankruptcy is the process by which a Bankruptcy Court sells your assets in an attempt to recoup losses on debts. If your assets do not cover all debts, the remaining debt is charged-off a... Read More »