Posted On: July 30, 2010

Does Bankruptcy Help Home Modification?

A Sacramento bankruptcy attorney answers how bankruptcy helps home modification...

Bankruptcy does help with home loan modification because it reduces the amount of consumer debt obligation and leaves more income available to pay a home loan. Once a discharge is received income to debt ratio is higher and will help qualify you for a home loan modification. Once debts are discharge trial loan modification payments should be easier to make.

Home loan modifications are entered into even in a Chapter 13 plan of debt adjustment. A lender and a Chapter 13 filer are free to agree to whatever terms are proposed. The lender will usually request a release of automatic stay liability before any loan modification is entered into during a pending Chapter 13.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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