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Texas Declaration Regarding Request To Pay Post-Petition Mortgage Obligations

State:
Texas
Control #:
TX-4001-B
Format:
PDF
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Description

Declaration Regarding Request To Pay Post-Petition Mortgage Obligations The Texas Declaration Regarding Request to Pay Post-Petition Mortgage Obligations is a form that a debtor must file with the Bankruptcy Court when seeking to continue making payments on a mortgage after filing for bankruptcy. This document informs the Bankruptcy Court of the debtor’s intent to pay all post-petition mortgage payments and contains information about the debtor’s financial situation, such as income, expenses, assets, and liabilities. By filing this declaration, the debtor is requesting that the Bankruptcy Court authorizes the payment of post-petition mortgage payments in order for the debtor to retain the property. There are two types of Texas Declaration Regarding Request To Pay Post-Petition Mortgage Obligations: Chapter 7 and Chapter 13. Chapter 7 is the liquidation bankruptcy process, in which the debtor’s non-exempt assets are sold to pay creditors. The Chapter 7 Texas Declaration Regarding Request To Pay Post-Petition Mortgage Obligations must be filed if the debtor wishes to keep their home. Chapter 13 is the reorganization bankruptcy process, in which the debtor proposes a payment plan to their creditors. The Chapter 13 Texas Declaration Regarding Request To Pay Post-Petition Mortgage Obligations must be filed if the debtor wishes to continue making mortgage payments while in Chapter 13.

The Texas Declaration Regarding Request to Pay Post-Petition Mortgage Obligations is a form that a debtor must file with the Bankruptcy Court when seeking to continue making payments on a mortgage after filing for bankruptcy. This document informs the Bankruptcy Court of the debtor’s intent to pay all post-petition mortgage payments and contains information about the debtor’s financial situation, such as income, expenses, assets, and liabilities. By filing this declaration, the debtor is requesting that the Bankruptcy Court authorizes the payment of post-petition mortgage payments in order for the debtor to retain the property. There are two types of Texas Declaration Regarding Request To Pay Post-Petition Mortgage Obligations: Chapter 7 and Chapter 13. Chapter 7 is the liquidation bankruptcy process, in which the debtor’s non-exempt assets are sold to pay creditors. The Chapter 7 Texas Declaration Regarding Request To Pay Post-Petition Mortgage Obligations must be filed if the debtor wishes to keep their home. Chapter 13 is the reorganization bankruptcy process, in which the debtor proposes a payment plan to their creditors. The Chapter 13 Texas Declaration Regarding Request To Pay Post-Petition Mortgage Obligations must be filed if the debtor wishes to continue making mortgage payments while in Chapter 13.

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Texas Declaration Regarding Request To Pay Post-Petition Mortgage Obligations