If you have obtained a loan modification, you may have heard that banks routinely do not honor them despite finalizing them with you. This is very common. You can lock-in the payment on your loan modification through a Chapter 13 bankruptcy. Once the court approves the payment to the lender through the bankruptcy plan, the lender is forbidden from unilaterally changing the payment term during the plan time frame.
Contact Matt Wadsworth, bankruptcy attorney practicing in Salt Lake City and Ogden areas.