Homeowner saved from foreclosure by filing Chapter 13 bankrupcy

Client contacted the office days before a scheduled foreclosure on his two-family residence.  I analyzed the client’s financial circumstances and options for addressing substantial mortgage arrears and overwhelming credit card debt and utility bills.  I worked closely with the client to prepare an emergency Chapter 13 bankruptcy filing, including proper recording of a Declaration of Homestead. Through the plan of reorganization, the client was able to become current on his mortgage as well as wipe out tens of thousands of dollars of credit card debt, personal loans and utility bills.

Result: Client staved off foreclosure to save home and discharged credit card and other debts.