Retiring Couple Obtains Discharge Through Chapter 7 Bankruptcy

Apr 19, 2016

Husband and Wife clients nearing retirement (with husband facing a chronic illness) came to us with $40,000.00 in credit card debt, personal loans and medical bills. The Client was struggling to maintain minimum payments on these bills but not making any progress in reducing principal. The Client was extremely concerned about retirement and hopeless about ever getting out from under his debt. After exploring non-bankruptcy debt settlement and consolidation options, we determined that in light to the Clients’ age and other factors including health issues, a Chapter 7 bankruptcy was the preferred solution.

RESULT : We filed a Chapter 7 bankruptcy on behalf of the client, and the client obtained a discharge, eliminating all of the client’s credit card and other debt while preserving all of the client’s assets and greatly reducing the stress that went along with what seemed to be a hopeless situation to the client.

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