Burton Green - Mortgage Modifications & Bankruptcy. It is generally easier to get a loan modification of your mortgage through a Chapter 13 bankruptcy than it is by direct negotiations with your lending bank or in a mortgage foreclosure proceeding in state court, even when you are not current on your mortgage payments. Under new federal guidelines you may be eligible for a modification to lower your total month mortgage payment (principal, taxes and insurance) to an amount equal to no more than 31 % of your gross income. I can assist you in the loan modification process as a part of a chapter 13 bankruptcyfiling. Contact my office for a free consultation to discuss your specific situation.