In the 1990s, the state began to experiment with awarding and managing construction contracts using the design-build system. Figure 1 summarizes the various legislation authorizing state and local entities to use design-build under specified circumstances.
A low payment means you're more likely to be able to demonstrate to the court that you have the capability to make such a payment, which means it's more likely you'll be granted Chapter 13 bankruptcy, which means you'll keep your house.
Chapter 13 and Liquidation. If you own your home outright, and you have lived there for less than 1215 days, you are more likely to be able to keep your home if you file Chapter 13 bankruptcy than Chapter 7. This is because Chapter 13 does not require liquidation of your assets to pay creditors.