5 More Kinds of Chapter 13 Medicine for Saving Your Home
Chapter 13 is extraordinary in the number of distinctive ways it can solve debt problems endangering your home. Here are five more ways beyond the five of the last blog.
Chapter 13 is extraordinary in the number of distinctive ways it can solve debt problems endangering your home. Here are five more ways beyond the five of the last blog.
Chapter 13 is often the best option for holding onto your home. That may be simply because it solves one of your major home debt problems, or instead because it solves a bunch of them all in one package.
Although Chapter 13 is often the go-to prescription for hanging onto a home in financial distress, like most strong medicine it comes with side-effects. The simpler Chapter 7 “straight bankruptcy” may be the better solution for both short-term relief and long-term financial health.
If you are behind on your car or truck loan and a Chapter 7 case will not help you enough, file a Chapter 13 case instead so that you can keep that vehicle.