What Happens When I Enter an Agreed Order to Add My Mortgage Arrears to my Bankruptcy?


If you fall behind on your mortgage payments after we file your bankruptcy case there are several options that we can develop. We can provide that those bankruptcy mortgage payments be added to your bankruptcy so that we can spread out that arrears over a extended period of time, or we can get you up on a repayment plan, where you are going to make your regular mortgage payment and a catch up payment to catch those up. Regardless you are going to have to enter into a agreement with a creditor and that agreement will provide that bankruptcy was your second chance, and the fact that you fell behind again on your mortgage is going to mean that you are going to have to stay current, going to have to make the payment when it is due on the note. So if your payment is due on the first you have to make it on the first. The fact that you have a 15 day grace period before you get late charges does not change your due date, does not change your plan payment amount or where you need to send it. If you default on that the terms of your agreement will provide what happens. In several situation or the majority of them you are able to get a couple default notifications that you are in default. If you receive that and you do not cure it then the bankruptcy protection will be removed and the mortgage company will foreclose on you even while you are in bankruptcy. If you have any more questions regarding bankruptcy, feel free to call Allmand Law Firm PLLC at 214-884-4020 or go to our website at –