Nashville, TN asked in Bankruptcy for Indiana

Q: At the end of my chapter 13 bankruptcy, will my house as a debt be paid off

I pay $640 a month for my bankruptcy, I have 4 more years left. I was behind on my mortgage of about $5,000 includes their attorney fees from being in foreclosure. I still owed about $2,000 left on my car and I had around $2,500 in medical and credit card debt. I also owed around $40,000 left on my mortgage around the time I filled chapter 13 bankruptcy and my attorney fees was $4,000............ so I had around $13,500 total I owed. In a period of 5 years that will be around $39,000........... so will my home be paid off is the main question

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1 Lawyer Answer
Timothy Denison
Timothy Denison
  • Bankruptcy Lawyer
  • Louisville, KY

A: It depends on the terms of the plan. If payments thru the plan were sufficient to pay the mortgage in full, then it will be paid off. If not, then there will be some amount of the mortgage still owed.

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