How to heal a delinquent mortgage by filing bankruptcy

Consumers from all walks of life are delinquent mortgages and question me what course of action in this situation. A viable option that can be traced to heal a mortgage delinquency is filing for bankruptcy protection. Chapter 7 or chapter 13 bankruptcy to resolve the question of a mortgage delinquency. Can keep your home and continue home mortgage loan or another of these bankruptcies.Difficulty numbers: ModerateInstructionsThings you need: petition for BankruptcyReaffirmation agreement index (matrix) of creditors1Obtain forms which are required, bankruptcy clerk of court bankruptcy to start. Primary forms are required to obtain a current bankruptcy petition and the matrix of creditors (sometimes called the creditors index). These forms in the Office of the Registrar or by downloading from website. 2Complete Court bankruptcy, bankruptcy petition request creditors matrix. The matrix is a master list of all companies and individuals you money debt. Contain your mortgage lenders on matrix. 3Claim your residence as property "Homestead". Their homestead is protected against the creditor in your case 4File bankruptcy bankruptcy and creditors with the clerk of the Court bankruptcy matrix. Since your mortgage lender in the matrix is listed, will send the Court of bankruptcy what a form proof of the claim to the creditor (and your other creditors and) is called. Evidence of the application form notifies your folder pending bankruptcy creditors and allows a case where proceedings. 5Write make a letter from your mortgage lender. Advise the lender that you "reaffirmation agreement" for your loan type MöchtenHypothek t. A stand-by arrangement resembles a renegotiated mortgage. Delinquent on your Hypothek is cured and a new payment plan. Affirmation makes your current loan agreement. If you then make payments in a timely manner to retain ownership your residence. 6Obtain confirmation in the trustee in bankruptcy or your calendar. 7Complete mortgage agreement and sign the confirmation to the agreement. Reaffirmation agreement runs normal regular meetings of creditors has held in your bankruptcy case. Reaffirmation agreement is a bankruptcy chapter 13 payment plan or the discharge of the debt in a chapter 7 bankruptcy excluded.