With Chapter 13 bankruptcies, the amount you’re behind on your house, including your principal, interest, attorney fees, and other costs, is divided by 60. Then you are required to pay that amount, or 1/60th of the total debt, each month at zero percent interest for the next three to five years. The bankruptcy law dictates that the mortgage lender is required to accept that deal. So, if you were denied a home loan modification, this can still save your home.