Successful bankruptcy filing while keeping a real estate property in South Korea.
Our client had a debt of $1,650,000. He was not able to afford his daily necessity. Finally, he wanted to file a bankruptcy but he had one problem: he has a real estate property in South Korea. a small grave site where he buried his parents. The trustee wanted to sell the property. Song Law Firm’s bankruptcy team persuaded the trustee based on the facts that selling the property was not that helpful to pay off the debt, the client had no money to afford cremation, and it would cause an extreme hardship to the client. The trustee was persuaded and gave up selling the property. The bankruptcy case was completed successfully while keeping the client’s real estate property in South Korea.