In re Jeffery N.

When Jeff's business failed, it left him with hundreds of thousands in potential liability. Most people in this situation need to liquidate in order to deal with the overwhelming debt, but under the new bankruptcy law Jeff earned too much from his day job to file for liquidation. Even worse, the huge amount of debt he amassed threatened to push him from a consumer reorganization into much more expensive and complex business reorganization. But after more than a year of work on his documentation, several hearings, and repeated discussions with the Trustee, we got the get the client's plan of consumer reorganization confirmed, saving him hundreds of thousands and improving his credit standing right away.

stats

original debt: over $500,000
final debt: less than $100,00
monthly payments: $1,300
plan length: 5 years