Bankruptcy Law/Chapter 13

Advertisement

Expert: - 12/15/2008


Question
I live in Illinois. I will be paying my last payment on my chapter 13 tomorrow. But due to price increases I have fallen behind 6 months on my mortgage. What can I do to keep my home? Can I refinance or file for another 13?

Answer
You can usually work out a deal with the lender, thru loan modification, refinance, or other type of restructuring.  You could do another chapter13, but it shouldn't be the best option available to you. Talk to your lender to see what different options they may have.

Bankruptcy Law

All Answers

Answers by Expert:

Ask Experts

Volunteer

Terry Leeders

Expertise

Handles Chapter 7 and Chapter 13 bankruptcy cases.
10 years of extensive bankruptcy experience. Filed over 3000 cases
Chicago Bankruptcy Lawyer website
"One On One Personal Service You Deserve"

Experience

I have been practicing bankruptcy law for 10 years. I have helped over 3000 consumer bankruptcy clients in that time.

Organizations
Chicago Bar Association Illinois Bar Association

Publications
author of Chicago Bankruptcy Blog
Chicago Chapter 13 Bankruptcy Blog
Illinois Bankruptcy Law Blog
Fresh Start Partners

Education/Credentials
University of Illinois Thomas M. Cooley Law School
Chicago Bankruptcy Lawyer website

©2012 About.com, a part of The New York Times Company. All rights reserved.