Title 11 Protection

Chapter 13 Reorganization:


The Chapter 13 “Reorganization,” allows you to consolidate all your debts into one low monthly payment. The payment amount is tailored to your budget. Chapter 13 is technically a Bankruptcy, but viewed at differently since it is not a “straight bankruptcy” which simply eliminates all debt without any payment whatsoever. Instead, it consolidates all missed mortgage payments or “arrears” and then spreads the repayment out over 3-5 years. The net result is that your mortgage is legally reinstated by Federal Court Order and you continue to make your normal mortgage payments. The lender is also under strict scrutiny to account to the Federal Court any fees they attempt to assert over your normal mortgage payments. For example, if you are $9,000 in arrears on your mortgage and your monthly mortgage payment is currently $3,000, your Chapter 13 payment would be approximately $150 per month. (60 months x $150 =$9,000) The new total monthly house payment would be $3,150. The Chapter 13 program results in a more realistic repayment plan than the short term plans currently offered by most lender outside of the laws under Title 11, and you maintain all your rights under TILA, RESPA, HOEPA, FDCPA, FCRA, etc.


For further information regarding or if you would like to speak to one of our Bankrupty Attorneys in San Diego, please CLICK HERE. Hablamos Espanol.


Resource Links on Foreclosure:


IRS questions and Answers on Home Foreclosures and Debt Cancellation: CLICK HERE

Sample 1099C Cancellation of Debt for issued by lenders to borrowers: Download File 1099f

Advanced Reading:

How did we get to this Subprime Mortgage mess: Download Subprime Files

Understanding Securitization: 

 Download Securitization Files
Consumer Home Mortgage Information, provide by California Department of Real Estate



For further information regarding our firm please CLICK HERE. Hablamos Espanol.

Why Doan? | Contact Us | Bankruptcy | Bankruptcy Alternatives |Foreclosures and Alternatives | Collection Abuses

All Content of this Site © 2018 by Doan Law Firm, San Diego bankruptcy lawyers serving all of San Diego including Escondido, Oceanside, San Marcos, Del Mar, La Jolla, Poway, Encinitas, Rancho Bernardo, Solana Beach, Downtown San Diego, Mission Valley, Chula Vista, La Mesa, El Cajon, Pacific Beach and all of San Diego County. If you would like additional information, contact a bankruptcy lawyer in San Diego today and ask for a free bankruptcy consultation.
Mike Doan - San Diego Bankruptcy Attorney, Southern California Phone: 800-380-3626

www.doanlawfirm.com | PRIVACY POLICY