Resolve disputes with your lender in Chapter 13 about 1) additional fees and charges, and 2) whether you've cured the mortgage arrearage.
Chapter 7 usually lets you retain your home if you are current (or not too far behind) on your mortgage payments (& other home-based debts).
A Chapter 13 "adjustment of debts" gives you many tools to save your home, starting with giving lots of time to catch up on your mortgage.
Bankruptcy protects your home. Both Chapter 7 and 13 do so, but which is better for you?
More answers about how Chapter 13 gives you up to 5 years to catch up on your past-due mortgage.
Chapter 13 gives you up to 5 years to catch up on your past-due mortgage. How does this actually work?
Filing bankruptcy can buy you a little time or a lot of time, enough time either to transition to a new home or to save your home.
Chapter 13 buys you flexibility when you want to keep your home or vehicle, but might need to surrender it after all. But it'll cost you.
If you want to hold onto your home, Chapter 13 gives you many extraordinary advantages.
If Chapter 7 strengthens your hand against your secured creditors, Chapter 13 turns you into Superman. It starts with a much more robust "automatic stay."
It's often the combination of tools that come with Chapter 13 that allows you to keep your home. Because Chapter 7 has only some of these tools, sometimes it can't do nearly as much for your home as Chapter 13 can.
A mere list of the many ways that Chapter 13 can help save a home can start sounding dry. So here's a powerful example that shows off some of its extraordinary advantages.
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.