I'm about to file chapter 13 bankruptcy. What will happen to my mortgage loan? Do I need to keep making payments on the loan? Do I risk losing my home to a forced foreclosure?

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If you're about to file Chapter 13 bankruptcy, you have to continue making timely payments on the mortgage even during the Chapter 13 bankruptcy case. You can either make direct payments to the lender or take help of the trustee. SInce you get to repay the entire loan amount throughout 3-5 years, you may get enough time to do so. It is also possible to shed off your junior liens through Chapter 13 bankruptcy and turn them into unsecured debt.


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