One of the most common reasons people file for Chapter 13 is to save their home from foreclosure. Chapter 13 stops the foreclosure process and gives you an opportunity to catch up on your payments. It is crucial that you know what all the rules for home ownership are under Chapter 13. You don’t want to make a simple mistake that could cost you your home. Catching up on your payments won’t do you any good if you don’t follow all of the other rules that apply in this situation.
How to Keep Your Home When You File for Bankruptcy
1. Make Sure You Read Your Chapter 13 Plan Carefully