Bankruptcy is about addressing the debts and assets you have. It's not a loan modification process. If you keep your home under a repayment plan, you must repay your past-due mortgage payments. The mortgage company is not required to give you a lower rate or offer a modification just because you are in bankruptcy. The arrears usually either are either added to the back of the loan or forgiven. That is unlike Chapter 13 bankruptcy, where all the past-due payments have to be made up as part of a payment plan. In bankruptcy, there is no requirement for a bank to give you a loan modification.