When you fall behind on your mortgage, your world feels like it’s falling apart. It’s important that you take action as quickly as possible; if you wait too long, you may find your options to be limited.
Using Bankruptcy To Catch Up
In Oregon, Chapter 13 bankruptcy gives you the ability to stop a foreclosure in its tracks and catch up on your past due mortgage payments interest free over a 3-5 year period. This is especially useful for people who have fallen behind on mortgage payments due to a temporary financial setback such as illness or unemployment, and are now able to catch up over time. It’s important to speak with an experienced Oregon bankruptcy lawyer before filing a Chapter 13 bankr