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Husband And Wife Successfully File Bankruptcy And Settle Mortgage

A married couple in their 40s turned to the bankruptcy attorneys at Luftman, Heck & Associates for help with a large amount of debt they found themselves owing. Even with their combined monthly income of $16,000, the police officer and car dealer found themselves with a substantial amount of debt to pay back.

Sensitive to the needs of our clients, LHA saw an opportunity to file bankruptcy for the couple. Based on their steady income, our attorneys decided a Chapter 13 bankruptcy would yield the best result. The husband and wife made continuous payments for about four years and were soon out of debt.

Not only did we help them become debt-free in a short amount of time, but we also helped them take control of their home mortgage. The couple had taken out two mortgages with the second at a high $75,000. We strategically settled for only $5,000 on the second. This completely erased the other $70,000 they owed. Even with their high-income level, we were able to successfully help the couple with both situations.

Prior results do not guarantee a similar outcome in your case. Individual results may vary based on the facts, injuries, jurisdiction, venue, witnesses, parties, and other factors. The results and client testimonials provided are not necessarily representative of the results obtained by all clients or their satisfaction with the firm’s services.