Discharge Letter Ch 7-CA

Early 30s single female with one child, who lives in Westwego, Louisiana, was being garnished by a credit card judgment creditor. She owns a $7000 vehicle that we will be able to protect by utilizing the appropriate Louisiana exemptions from seizure. In addition to the $10,000 owed to the judgment creditor, she is approximately 10,000 more to other general unsecured creditors consisting of credit cards, medical bills and unsecured loans. When she came in for her free consultation, 25% of her take-home pay was being garnished by the credit card judgment creditor.

Late 40s divorced male attended the consult to consider bankruptcy related options to control his overwhelming debt. His primary debt stemmed from a home foreclosure deficiency balance. Another words, when his home was foreclosed on, he owed approximately $100,000 but the property only sold for $60,000 at Sheriff sale. Accordingly, the creditor was pursuing him for the $40,000 difference plus interest and cost. As well, he has a proximally $20,000 in credit card debt and a couple thousand dollars in tax liabilities. Finally he has a car note that he is current on.

Husband and wife in mid-50s living in Kenner, Louisiana came in to look at bankruptcy related options in connection with the pending foreclosure/Sheriff sale scheduled to take place within approximately one week. We initially looked at efforts to save the home through a chapter 13 bankruptcy. It's possible to restructure the mortgage arrearages through a chapter 13 plan payment and spread the arrearage out over a 60 month repayment plan.