http://www.bankruptcylawnetwork.com/2007/04/01/dti-dti-everyone-is-talking-about-dti-what-is-dti/ Real Lawyers, Real Solutions Tue, 10 Nov 2009 16:34:06 -0700 http://wordpress.org/?v=2.8.6 hourly 1 http://www.bankruptcylawnetwork.com/2007/04/01/dti-dti-everyone-is-talking-about-dti-what-is-dti/comment-page-1/#comment-2666 My bankruptcy will re-write my mortgage, right? at Bankruptcy Law Network - Real Lawyers, Real Solutions Fri, 01 Jun 2007 23:12:04 +0000 http://www.bankruptcylawnetwork.com/2007/04/01/dti-dti-everyone-is-talking-about-dti-what-is-dti/#comment-2666 [...] Absolutely not! The Bankruptcy Code has no provision within it that will re-write or negotiate the terms of your mortgage. Because of the sub-prime loans and all the adjustable rate mortgages people are hoping to jump into the Bankruptcy Court in order to negotiate their mortgage. This will not work however, by getting rid of your debt in a Chapter 7 and re-establishing your credit or paying 12 months of Chapter 13 payments on time you may be able to refinance at a lower interest rate and have that rate fixed instead of being an adjustable amount. The key is to pay your bills on time. On time means the contractual due date and not the grace period and keep your debt to income ratio below 36%. [...] [...] Absolutely not! The Bankruptcy Code has no provision within it that will re-write or negotiate the terms of your mortgage. Because of the sub-prime loans and all the adjustable rate mortgages people are hoping to jump into the Bankruptcy Court in order to negotiate their mortgage. This will not work however, by getting rid of your debt in a Chapter 7 and re-establishing your credit or paying 12 months of Chapter 13 payments on time you may be able to refinance at a lower interest rate and have that rate fixed instead of being an adjustable amount. The key is to pay your bills on time. On time means the contractual due date and not the grace period and keep your debt to income ratio below 36%. [...]

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