Is it possible to refinance my home loan while in bankruptcy?
June 29, 2022
By Diane Drain Attorney & Retired Law Professor
Yes, however the lender will only approve the loan modification if you get permission from the Bankruptcy Court and the Bankruptcy Trustee. The lender cannot be forced to amend the loan by the Bankruptcy Court. Before you choose this path, make sure the loan modification will benefit you financially.
Check out the Arizona Bankruptcy Court’s Mortgage Modification Mediation Program
December, 2017 new changes to the Mortgage Modification Mediation Program.
About the Author: Diane Drain
Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.
*Important Note from Diane: Everything on this web site is offered for educational purposes only and not intended to provide legal advice, nor create an attorney client relationship between you, me, or the author of any article. Information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state. Make sure to check out their reviews.*
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