Bankruptcy is a tool by which you can manage and even eliminate your debt. In a Chapter 13 Bankruptcy, your home won’t be subject to liquidation. The team at Gateway Bankruptcy Group will work with you to find the answers you need to help you discharge your debts and move on with your life. Call us today for more information.

Your mortgage company has just filed a foreclosure on your home because you have failed to make payments for the past 6 months. You're now $7,000 in arrears. Under Chapter 13 Bankruptcy, you can cure the default over a reasonable time and reinstate the original mortgage. However, while curing the arrearage through the plan, you must continue to make all current payments that come due. In other words, you can stop the foreclosure by paying an extra $150 per month plus the current mortgage payment. Upon completion, you will have reinstated the mortgage through your Chapter 13 Plan.