Can I modify a home loan during a Chapter 13 bankruptcy?

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There is no bankruptcy process or rule which allows you to modify your home loan through your bankruptcy case. However, you are free to negotiate with your lender for a home loan modification. If your lender agrees, you may have to get the bankruptcy court (in a Chapter 13 bankruptcy) to approve the modification.

If you have a second mortgage or a home equity loan or line of credit (HELOC) that is not secured by the equity in your home, however, you may be able to reclassify this debt as unsecured in a Chapter 13 bankruptcy. To learn more, seeĀ How to Strip a Second Mortgage or HELOC in Chapter 13.

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