Take, for example, a that has just begun the bankruptcy process. After living in the suburbs for most of their 25-year marriage, they decided to relocate. Within months after closing on their new home they experienced an illness. After a year of treatment and a job loss, they had accumulated over $20,000 in medical bills. Additionally, because the couple was forced to suddenly live on one (1) income, they accumulated more than $30,000 in credit card debt. Most worrisome to the couple was the fact they were four (4) payments behind on their mortgage. This was all in addition to arrearages in other bills.
Thankfully, this couple realized they were in over their heads and sought legal advice regarding bankruptcy protection. Now their home is no longer in danger of foreclosure and their automobiles are not in danger of repossession. These are not people looking to take advantage of bankruptcy, but good people who have been hit with an unexpected setback.
If you have experienced unexpected setbacks and you simply cannot make ends meet, please contact the attorneys at Lee Cossell Kuhen & Love, LLP. Our experienced professionals can assist you in understanding what filing bankruptcy can do for you.
