My husband and I filed a chapter 13 bankruptcy that was confirmed Jan '05. We have been making payments with one slip up, but otherwise have been on track.

We are now in a situation where our home is desperately in need of repairs and we simply do not have the money to do what needs to be done. We want and need to keep our home, and we want it to be kept up in the meantime, while we are paying off our debt.

Is refinancing possible? I understand that no cash out can be obtained until the chapter 13. We want to refinance, try to get some cash out past the pay off for the chapter 13 and do the repairs to our home. Are we just dreaming??

Thank You

MK :(

MK:

You CAN refinance with permission from the bankruptcy court, but you can expect to pay a huge penalty in terms of interest rates.

Maybe a loan from your or your husband's 401K is possible.