Song Law Firm has let all of the business debts of a client be discharged through a successful bankruptcy, which debts were caused by the COVID-19.
A client who has been in the apparel business for a long time came to Song Law Firm. The client’s business, which once made a lot of profit, suffered an unmanageable deficit during the COVID-19 crisis. Despite all of the client’s efforts, business debts have grown and reached a level that the client could no longer afford. Song Law Firm’s bankruptcy attorney carefully reviewed and...Read More
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$58,000 in Tuition Debt, $12,580 in Credit Card Debt – Chapter 7 Bankruptcy and Student Loan Reconciliation Program
student loan bankruptcy The client came to us with a lot of papers to discuss about his bankruptcy. He was facing $12,580 in debt from various sources including multiple credit cards. In addition, he had a student loan of $58,000, which is not generally discharged by filing a Chapter 7 Bankruptcy. Song Law Firm’s Bankruptcy team reviewed his documents and recommended a student loan...Read More
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Chapter 7 bankruptcy successfully canceled $80,000 of personal debt.
Chapter 7 COVID19 pandemic hit not only businesses but also many individuals. This client was in debt due mostly to personal credit cards and medical expenses amounting $80,000. Creditors and collection agencies had been consistent with their calls and attempts to collect from the client, but she was not able to pay. After careful review of her current financial status, Song Law...Read More
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Credit Card and Medical Cost Debts Completely Cleared Through Chapter 7 Bankruptcy.
COVID19 pandemic hit not only businesses but also many individuals. This client was in debt due mostly to personal credit cards and medical expenses amounting $80,000. Creditors and collection agencies had been consistent with their calls and attempts to collect from the client, but she was not able to pay. After careful review of her current financial status, Song Law Firm’s bankruptcy...Read More
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$150k Business Debt Successfully Eliminated Through Chapter 7 Bankruptcy.
Song Law Firm bankruptcy team successfully assisted a client file a Chapter 7 bankruptcy. When there is high debt and a low possibility of being able to pay back to creditors, Chapter 7 is considered. The client had a small business which was not making enough money after COVID19 pandemic. After Chapter 7 filing, the court assigned a trustee who believed the client’s business...Read More
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We have resolved the difficulties of customers who have been sued for eviction because they could not pay their rent through bankruptcy.
COVID-19 is a challenge for businesses A customer who has been running a restaurant in New Jersey for a long time came to the bankruptcy team of Song Law Firm. After opening a restaurant, it was popular for a while and had a good income. However, when the customer’s restaurant did well, competitors with similar menus appeared around him. Over time, the customer’s...Read More
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Chapter 7 bankruptcy successfully canceled over $1.5 million in debt.
Song Law Firm retained a client with a debt exceeding 1.5 million. Her debt mostly comprised of a loan she took out for her brother’s business. After meticulous preparation, client’s brother started a business, but it did not go as well as planned. Seeing her help leading to nowhere, client was very frustrated and she was even more frustrated when faced with the staggering amount of debt she...Read More
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Song Law Firm Helped Client Protect his Home Ownership through Chapter 13 Bankruptcy
home mortgage bankruptcy Song Law Firm represented a client who hasn’t been able to pay off a mortgage for a while. After being laid off from work few months ago, client was in no position to sustain a decent living, let alone repay the debt. On a positive note, he recently got a new job, but the amount he made was not even close to being enough. After assessing his circumstances, Song...Read More
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Successful bankruptcy while keeping a house jointly purchased with parents.
Few years ago, our client’s parents purchased a $240,000 house and put their names with their son’s name on the deed. Their son was a business man operating a small store but ended up with having $300,000 debt to expand the store, which was not successful. The son was not able to pay the debt and considered filing a bankruptcy. However, the parents strongly objected to it because they were...Read More
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Mortgage Debt of $352,175 – Chapter 7 Foreclosure and keep the client’s favorite car
Mr. Lee came to us with a concern of paying mortgage. He hadn’t paid his mortgage for almost 2 years. His mortgage debt was $352,175. He tried to sell the house to pay off the mortgage but the current value of the house was only $290,784. In this case, the bank can sue him to get the difference even when he sells his house and pay it to the bank. In addition, he loved his car so much and...Read More
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