Legal Question in Bankruptcy in Illinois
chapter 13 mortgage bankruptcy
I am currently in a chapter 13 bankruptcy and recently my adjustable mortage went up $100.00 which is impossible to afford. I am now two months behind, can I be sued or face foreclosure?
Asked on 8/20/07, 3:10 pm
1 Answer from Attorneys
Lesley Hoenig
Lesley A. Hoenig, Attorney at Law
Re: chapter 13 mortgage bankruptcy
You can face foreclosure, but before the mortgage company can do so, they must get a lift of the automatic stay. If possible you may want to look into refinancing your mortgage. You should contact your bankruptcy attorney about your options.
Answered on 9/04/07, 7:08 pm
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