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Chapter 13 is the best way to save your home

A recent study regarding saving your home and the different alternatives available including bankruptcy came to the conclusion that most bankruptcy attorneys in Orlando, FL already knew. Chapter 13 bankruptcy is probably the best way to save your home. At the very least the study showed when compared with homeowners who did not file, debtors who filed for bankruptcy were able to stay in their homes for, on average, almost 28 additional months, over two years.This figure includes those who ended up losing their homes.

Should I Keep My House or Let it Go in the Bankruptcy?

When clients come in to my office to file bankruptcy in Orlando or my offices in Kissimmee or Clermont, often times they ask me whether it is in their best interest to save their home. Usually the home is several months behind in payments. And yes there is a particular kind of bankruptcy - a Chapter 13 which enables you to (1) catch up your payments in your home; (2) modify your first mortgage to 31% of your gross income, and (3) even eliminate the second mortgage on your home. Nevertheless, most people have an emotional attachment to their home and I understand it.

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Law Offices of Walter F. Benenati: Bankruptcy Attorney

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