One of the most powerful tools bankruptcy has is the ability to stop a foreclosure or eviction.
A chapter 13 has the ability to permanently stop foreclosures or evictions and get you on a path to getting current on your mortgage or your rent payments. The chapter 13 bankruptcy allows for you to make payments over 3-5 years to your mortgage holder or landlord in order to get current again.
Chapter 13 allows a flexible payment term that you wouldn’t be able to get working with your mortgage lender or landlord. Kain + Henehan would go over your mortgage or rent arrears and calculate out what chapter 13 payments would look like to get you back on track and staying in your home.