He went to an attorney in Manhattan to stop the foreclosure sale of an investment property in Brooklyn. The attorney filed a chapter 13 case, failing to recognize that the client did not quilify for chapter 13 (owning three properties, his total mortgages exceeced the secured debt ceiling for chapter 13). As a result, the bankruptcy case was dismissed and the client lost the benefit of the automatic stay, which had stopped the foreclosure.
If you have been struggling with debt recently, you may be even more aware of TV and radio commercials offering quick fixes to resolve your problems. Using debt settlement, some companies claim to reduce your debt in record time. Carrying the burden of overwhelming debt can be physically and mentally draining, so the promises these companies make may certainly pique your interest.