We have a number of clients come to us
after they’ve lost their home to foreclosure which is undoubtedly a difficult time. And
to add insult to injury, sometimes they have a
second mortgage that’s still hanging out there that wasn’t extinguished in the
foreclosure. That second mortgage is now, in most cases, a massive unsecured debt that’s hanging over their, their heads. Chapter 7 is designed
specifically to eliminate unsecured debt such as this
and in many cases, we’ve been able to
file a chapter 7 for our client get them out from under this debt and back on their feet. And it’s a great way to put the
foreclosure behind them, to not have any lingering issues and to get a fresh start.