Bankruptcy is an onerous decision for many Montgomery County residents who have experienced financial turmoil. Debtors usually do not enter bankruptcy without placing some fault for a financial downfall on themselves. Bankruptcy attorneys know that mortgage problems and other insurmountable debt can also be triggered by outside forces.
An elderly couple recently faced foreclosure, not for the direct financial mistakes they made but for the actions of their son. The couple owned several businesses and achieved the enviable position of being debt-free upon retirement. Business leases continued to provide $15,000 in monthly income.