• Car payment cram down: reducing monthly car payments for vehicles purchased at least 2 1/2 years prior to the bankruptcy.
  • Second mortgage discharge: discharging the second mortgage on your personal residence whenever the property is worth less than the amount owed on the first mortgage.Type your paragraph here.

Among the many benefits to filing a Chapter 13 is the possible five-year deferment of all student loans. In some cases, filers are not required to make student loan payments. In turn, this five-year deferment allows some filers to increase their disposable income while paying only for their essential expenses (vehicle and home payment).

Chapter 13 does not preclude filers from qualifying for new mortgage or auto loans. In fact, FHA rules allow a lender to consider approving an FHA loan application from a borrower who is still paying on a Chapter 13, but only if those payments have been made on time for a year. Auto loans may be approved as soon as the Chapter 13 is confirmed which takes up to 4 months in most cases.




chapter 13 benefits:


  • Student loan assistance: placing student loans in deferment with all payments on hold during the life of the Chapter 13 (up to five years).    

  • Home foreclosure assistance: placing all mortgage arrears in the repayment plan to be paid over a three to five year period.

  • Tax debt assistance: repaying recent tax liabilities (last 3 yrs.) through the bankruptcy plan and discharging older tax balances.

chapter 13 student loan relief