Comments on: Should I save my house? (To 13 or Not to 13)

By: Trying to Negotiate a Loan Modification? (Part 2) « Spiritually Bankrupt

Trying to Negotiate a Loan Modification? (Part 2) « Spiritually Bankrupt — Mon, 27 Jul 2009 02:51:18 +0000

[...] you should try hard for a modification before turning to Chapter 13 most of the time (see my post To 13 or Not to 13). Even taking this Statesman article into account, the credit hit is not likely to be as [...]

By: I lost my job, now what? « Spiritually Bankrupt

I lost my job, now what? « Spiritually Bankrupt — Sat, 30 May 2009 03:41:05 +0000

[...] too much of their income to their home, and should think about surrendering (see my post “To 13 or not To 13“). Medical creditors don’t typically take aggressive collection measures, and my [...]

By: Debbie

Debbie — Fri, 26 Sep 2008 19:36:18 +0000

A sensible analysis. Sometimes the best advice an attorney can give a client is that keeping the home just doesn’t make sense for them. Helping the client understand the commitment of a chapter 13 plan is critical. Some mortgage companies are now willing to negotiate a loan modification within the framework of a chapter 13 plan, which could be of great benefit to the debtor.