Chapter 13 bankruptcy can allow you to catch up on your house payments over time.
Full video transcript:
What a chapter 13 bankruptcy allows you to do is to cure those payments over a period of time. For instance, if you're $4,000 behind on your house, and you've got $1,000 a month house payment, we could take that $4,000 and pay it back over 60 payments along with your regular house payment. So it gives you a chance to catch up the arrearages on your house and save that home.
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