The Cooper Law Firm 864-271-9911 800-356-0091 HOME FIRM PROFILE BANKRUPTCY PERSONAL INJURY FAMILY LAW CONTACT US Blog Categories Chapter 11 Chapter 13 Chapter 7 Uncategorized Archives December 2013 October 2013 January 2013 August 2012 WILL I LOSE MY HOME IF I FILE BANKRUPTCY Posted on December 15, 2013 by Robert Cooper The short answer is absolutely not! However, if you file bankruptcy of any type, you must make your normal monthly payments toward the each mortgage that you have on your property. The key in a bankruptcy if you are hopelessly behind on your payments is to file chapter 13 that allows you to catch up those back payments by paying your regular monthly mortgage payment(s), plus an extra amount each month for as much as 60 months to catch up. Monthly payments on all other debt, plus interest rates are reduced, thereby allowing you to free up sufficient funds to do so. On the other hand if you are current with your monthly mortgage payments and have no funds left over each month after paying basic necessities, you may want to file a chapter 7 bankruptcy, and discharge (i.e. wipe out) all of your unsecured debts. Unsecured debts for consumers includes such things as credit cards, medical bills, signature loans, and finance companies that simply take a lien on household items you have already paid for. In a chapter 7 you would continue to pay your normal monthly payments on your house, cars, and any other debts secured by such things as jewelry, a vacuum cleaner, boat, or other items you had financed when you purchased those if you still owe a balance. We at The Cooper Law Firm have been representing consumers in bankruptcy cases for over 23 years, and have filed thousands of cases that assisted clients with obtaining the fresh start they deserve. We would love to discuss ways in which to help you solve your debt problems so that you can have the peace you deserve, and sleep at night without the worry of financial problems that cause both health problems and relationship problems. Give yourself a break by calling us at 864-271-9911 or 1-800-356-0091, or go online to visit our website at www.thecooperlawfirm.com. We look forward to hearing from you. Posted in Chapter 11, Chapter 13, Chapter 7 | Tagged bankruptcy, bankruptcy help, chapter 11, chapter 13, chapter 7, file bankruptcy, foreclosure, save my home, stop foreclosure Leave a Reply Your email address will not be published. Required fields are marked * Comment Name * Email * Website Post navigation Previous Post PREVIOUS How do I file a bankruptcy? Next Post NEXT HOW ARE FINANCE COMPANIES TREATED IN BANKRUPTCY NEWS HOW ARE FINANCE COMPANIES TREATED IN BANKRUPTCY 15 Dec, 2013 WILL I LOSE MY HOME IF I FILE BANKRUPTCY 15 Dec, 2013 CONTACT INFORMATION The Cooper Law Firm 150 Milestone Way, Suite C Greenville, South Carolina 29615 Greenville Number 864-271-9911 Toll Free 800-356-0091 Fax 864-232-5236 NEWSLETTER SIGN UP We’ll never share your email address or spam you. Home About Us Chapter 7 Chapter 13 What Our Peers Know Personal Bankruptcy Business Bankruptcy Workers Compensation Contact Us Copyright 2014 The Cooper Law Firm. All Rights Reserved. Developed By