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Can I renegotiate a mortgage in a Chapter 13 bankruptcy?

  

Under current law the answer is “no”. However, you can make up mortgage arrearages over time and prevent foreclosure as long as you make your Chapter 13 plan payments. In addition, many debtors can “strip-off” junior liens such as second mortgages if the value of their home is equal to or less than the amount of their first mortgage.

 

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