15 day grace period under Chapter 13

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Post Posted: Fri Jan 22, 2010 10:52 am    Post subject: 15 day grace period under Chapter 13

Hi. I have a question that possibly some one can help me with. I have filed a chapter 13 and am working w/a trustee for repayment on my mortgage. In conjunction w/my trustee payment, I must also make my regular mortgage payment. Under regular guidelines a person always had a grace period of 15 days..... does that still apply w/chapter 13. A mortgage is not considered late until that 16th day.....do I, as a Chapter 13 filee still have that grace period? Im curious to know if the lawyer is giving me the correct information....Pls help
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Icon Mini Profile jenkin7

Joined: 04 Jun 2007

Posts: 4537
Location: Hawaii
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Post Posted: Mon Jan 25, 2010 2:14 am    Post subject:

Hi addi,

Most of the lenders allow you a grace period of 15 days to make your mortgage payments. If you make payments within the grace period, you will not have to pay any penalty. I believe this grace period is applicable even if you are in Chapter 13. You want to keep the house and you have filed chapter 13 bankruptcy to pay off your debts. There is no reason why you should not be allowed a grace period while you are in bankruptcy.


Post Posted: Mon Mar 07, 2011 12:10 pm    Post subject: trustee payment.

Hi yes please, is there a grace period when paying your monthly payment too the trustee-[ex:payment due on the first of each month]-i do not want too upset my filing with the courts.
Icon Mini Profile jerry

Joined: 17 Oct 2005

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Location: MICHIGAN
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Post Posted: Tue Mar 08, 2011 2:53 am    Post subject:

Hi david,

As far as I know, there is no grace period while making payments to the trustee. Nevertheless, you should contact your trustee and discuss your situation with him. He will let you know whether or not you will get any grace period for making payments.

Feel free to ask if you've further queries.

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