I have come across so many people who are experiencing difficulties in maintaining their mortgage payments, due to various issues. One of the major observation is that 2 years ago, prior to the changes in the Bankruptcy law, these same individual would have had the opportunity to file chapter 13.
Filing chapter 13 was a means of buying time to consider various options including selling the property, refinancing, etc.
Does anyone else have an observation or experience to share?
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