Cure and Maintain

For long-term debts, where payments would still be due after the 3 to 5 years of a chapter 13 bankruptcy, section 1322(b)(5) offers debtors the option to cure any default, i.e. pay back a past due balance, and maintain the regular monthly payment. This is an exception to the general rule that secured creditors' claims are paid off by the chapter 13 plan, and is most commonly used for mortgage type debts.

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