Stopped Foreclosure Sale & Saved Home - Chapter 13 Plan Confirmed (Chapter 13)

Michael Salanick

Case Conclusion Date:May 16, 2013

Practice Area:Bankruptcy / Chapter 13

Outcome:Chapter 13 Plan confirmed. Saved Client's home from foreclosure.

Description:Client inherited home but trustee of deceased's estate allowed home to go into foreclosure due to unpaid reverse mortgage. Trust litigation ensued and foreclose sale was pending. Consulted with client about Chapter 13 solution to save inherited home from foreclosure on eve of foreclosure auction date. Client entered into Chapter 13 case, filed Chapter 13 plan; plan confirmed. Client is now in 18th month of 36-to-60 month Chapter 13 plan and on her way to paying off secured obligation on home and successful completion of Chapter 13 case.

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