PARENTS AND SON FILE BANKRUPTCY
Dec 16, 2011OUTCOME: Success
I recently filed a Chapter 7 case for a young man to get out of debt from a car repossession and credit card debt due to loss of income. Two weeks later I filed a Chapter 13 case for his parents to hel ... p them save their home from mounting mortgage arrearages. Both cases went very well. The son received a discharge of all of his unsecured debt through the Chapter 7; and his parents had their Chapter 13 plan confirmed and are now on their way to paying back a percentage of their unsecured debt while getting current on their home mortgage and keeping their home! After the meeting of creditors for the parents’ Chapter 13 the father said something interesting to me that I had not thought of before. He told me that he finds it very unique that our law firm can span the ages, making he and his wife comfortable, while also making his son comfortable going through the bankruptcy process.
