Fairburn, GA asked in Bankruptcy, Divorce and Family Law for Georgia

Q: In a divorce If I am awarded the house with an active chapter 13 will the mortgage company let me assume the mortgage?

What route should I take ? I am worried about having a place to live .

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2 Lawyer Answers
W. J. Winterstein Jr.
W. J. Winterstein Jr.
  • Bankruptcy Lawyer
  • Boyertown, PA

A: For most debtors, the primary purpose of Chapter 13 is to "save the house".

Ch. 13 enables you to retain the property, make current payments as they fall due, and cure any mortgage deficiency by paying the amount past due on the mortgage debt over the period of the plan (up to five years), without interest.

Talk with an experienced GA bankruptcy lawyer, sooner rather than later, about your eligibility and what path you should follow (the attorney will need your detailed financial info to form the best recommendations).

Timothy Denison agrees with this answer

Alake Colwell Furlow
Alake Colwell Furlow
  • Dacula, GA
  • Licensed in Georgia

A: You should consult a bankruptcy attorney directly to answer any questions you maybe have regarding chapter 13.

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