Legal Question in Bankruptcy in Florida
bankruptcy
We are currently beginning foreclosure and plan on filing for bankruptcy. If we file a chapter 13 could we possibly obtain relief that would allow us to keep our home? We are currently 7 months behind on our mortgage and could no way afford to pay this at this time. What help would chapter 13 offer? I
Asked on 11/04/08, 2:21 pm
1 Answer from Attorneys
Brent Rose
The Orsini & Rose Law Firm
Re: bankruptcy
Essentially, to keep your home under chapter 13, you'd have to be able to be make all your regular house payments from now on, plus spread all your past due payments over the next three to five years, plus a 10% fee on the past due payments. You might also have to pay a percentage on your credit card debt, medical bills, etc.
Answered on 11/05/08, 9:58 pm
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