Some of my bankruptcy clients are considering Chapter 13 bankruptcy to save their homes and strip off a second mortgage. These people are simultaneously investigating a modification of their first mortgage through one of the mortgage modification programs offered by their mortgage lender and the government’s mortgage initiatives. The clients are unsure whether they should file Chapter 13 and negotiate a mortgage modification in Chapter 13 mortgage mediation, or to fully explore a modification program before filing bankruptcy.
Yes, Virginia, you CAN change your