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hi my name is David Rubin today weamp;#39;re going to talk about chapter 13 bankruptcy what is chapter 13 bankruptcy well there are two kinds of bankruptcies that consumers file as opposed to businesses and those are chapter 7 and chapter 13 I have chapter 7 on another video if you want to watch that one but chapter 13 bankruptcy is a kind of bankruptcy thatamp;#39;s used generally for three reasons the first reason that people file chapter 13 in the most common is if you are behind on your mortgage and you are facing a foreclosure meaning you havenamp;#39;t paid your mortgage for some period of time theyamp;#39;re usually not accepting payments anymore even if you do have the money to pay it and the bank has hired a lawyer to foreclose on your property and we get calls a couple times a week of people that are going to lose their house they want to save it chapter 13 bankruptcy will automatically save your home once you file you can file it two months before a foreclosure you can f