Yes, you can do a short sale where the owner has a lot of assets or a lot of cash. The issue becomes what is available to satisfy any deficiency that may be there. And then it’s our job as your attorney to negotiate that deficiency to a small amount as possible. If there’s for example, $150,000 deficiency, you may be asked to contribute $5,000, $6,000 to that deficiency.
The Emotional Toll of Bankruptcy on Families
Bankruptcy is a difficult and often emotional experience for anyone, but when families are involved, the impact can be particularly challenging. The financial strain, uncertainty about the future, and the stigma associated with bankruptcy can take a severe toll on the...