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How Chapter 13 Can Save Your Home

Posted By Majed on May 4, 2011 7:00am PDT

Unlike Chapter 7, Chapter 13 is not liquidation.  It is a reorganization of debt that allows a debtor to make payments to their creditors over a period of time, typically three to five years. Many homeowners opt for Chapter 13 over Chapter 7 because it allows them to make restructure their mortgage loan.   This way the mortgage company is satisfied and the debtor is allowed to stay in his/her home.

Bankruptcies are not one-size fit all.  The Fears | Nachawati Law Firm is well aware of this fact and treats each client as an individual.   If you are considering filing for bankruptcy but are concerned about losing your home in the process, contact our firm to go over all of your options.

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